Was it money or something else?
2006-12-18 16:00:47 · 21 answers · asked by sheree 2 in Entertainment & Music ➔ Celebrities
They went up for sale and Michael being a smart man bought them!! Goooo Michael!!!!
♥♥We Love You Michael!!!!♥♥
2006-12-18 23:27:51 · answer #1 · answered by ♥Stranger In Maine™♥ (Thriller) 7 · 0⤊ 1⤋
He didn't sell them to him, the rights were never his. The tow were actually friends, and Paul gave Michael some advice about making sure he owns his own music so someone else doesn't profit off his music. Paul shared with Michael that the Beatles didn't own the rights to their own music, but that he was going to rectify that when the record company dissolved or split up, by bidding on the rights at auction. Michael showed his true colors after that, outbidding his "friend" for the entire music rights to the entire Beatles catalog.
2006-12-18 16:38:46 · answer #2 · answered by john k 4 · 0⤊ 0⤋
He didn't.
Michael Jackson outbid Paul McCartney and others when a record company was broken up and sold in the 80's.
Here is a article on MJ finances that covers the deal.
Michael Jackson finances
Michael Jackson purchased ownership in ATV Music Publishing in 1985, which owns the publishing rights to songs written by The Beatles and many other acts. Paul McCartney of The Beatles, who had also recorded with Jackson, was reportedly angered by the 'surprise' purchase, and this led to the two becoming estranged. In 1995, Jackson and Sony Music Publishing merged their two catalogues to create, Sony-ATV. Jackson's 50% interest in the company (Sony Music Entertainment owns the other half) is estimated to be worth USD 500 million. Jackson also owns his own music catalogue called MiJac Publishing, which contains all of his songs and songs from Sly and the Family Stone[1].
Over the past 10 years, Jackson has secured two loans for USD 200 Million and USD 70 Million. The USD 200 Million loan was secured by using Jackson's share of the Sony-ATV Catalogue as collateral. He later secured the USD 70 Million loan by using his MiJac Catalogue as collateral. However, because of his declining sales, his MiJac Catalogue's value declined to under USD 100 Million, therefore he was forced to use his Neverland Ranch and Hayvenhurst as added collateral to keep the loan.
In April 2005, Bank Of America sold the loan to Fortress Investments. Jackson continued to miss payments on the loan, and as of December 20, 2005, Fortress had the right to foreclose on the loan, allowing Sony Music the first right to buy Jackson's share of the loan. However, Fortress extended the loan, allowing Jackson time to get money together.
2006-12-18 16:04:00 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Michael Jackson outbid Paul McCartney and others when a record company was broken up and sold in the 80's.
2006-12-18 16:51:01 · answer #4 · answered by David 6 · 0⤊ 0⤋
I see this as an attempt to make buckets of money at the same time as at the same time attempting to make small little ones into Beatles followers. at the same time as Disney and Robert Zemeckis both make very alluring youngster's videos, i do not see Yellow Submarine as some thing i'd take my youngsters to work out. as far as crass commercialism is worried- i do not see this project as being any more beneficial or any worse than the different videos that featured Beatles songs. "Sgt. Pepper's Lonely Hearts club Band," which coated a lot of celebrities of the previous due '70s, develop into so undesirable it develop into sturdy. "by skill of the Universe" develop into contrived, yet thrilling. some thing to maintain in ideas about the unique "Yellow Submarine:" the Beatles did not do the voices for the characters. Granted, the movie featured a number of Beatles songs, and the score develop into composed by technique of George Martin (who no longer in effortless words produced the Beatles, yet did maximum of the orchestration of their songs). at the same time as the Beatles did make a short cameo on the finished of the movie, they did not write it, nor did they do any of the artwork for the movie. to absolutely rejoice with the unique movie, you may keep it contained in the context of the previous due '60s. My end: i'm particular the remake will be lovable and human beings will flow see it, yet i do not see it as growing a classic or iconic movie.
2016-11-27 19:22:19 · answer #5 · answered by salauddin 4 · 0⤊ 0⤋
Paul McCartney was tricked by Michael. Michael pumped Paul for the details regarding how to make money on royalties, and then Michael used the information to his advantage. Michael purchased the Beatles music and made money for himself.
2006-12-18 16:04:37 · answer #6 · answered by skipdip 3 · 3⤊ 2⤋
Paul McCartney didn't sell them to Michael Jackon. Jackson purchased a great deal of stock in ATV Music Publishing, who owns the Beatles catalog. He currently owns 50% of ATV stock, Sony owns the other 50%.
2006-12-18 16:02:50 · answer #7 · answered by Joy M 7 · 7⤊ 1⤋
That was a VERY BAD business move on his part, and bad for the rest of the world. It was over money, and Paul McCartney has not spoke to Michael Jackson since. The is the #1 Reason I hate him.
2006-12-18 16:03:15 · answer #8 · answered by InTROLLigent 3 · 0⤊ 4⤋
he didn't purposely sell it to jackson. Paul didn't own any of the rights to the beatle records because back then they never had the rights. but then the rights of the records were being sold and jackson out bid paul who was trying to buy the rights. it was real big deal at that time because paul befriended jackson and then micheal goes and buys the rights to the beattles records behind paul's back and then uses one of the songs for some dumb commercial.
2006-12-18 16:06:02 · answer #9 · answered by Anonymous · 2⤊ 2⤋
He didn't SELL the rights....M.J. found out they weren't protected by law and bought them so fast, it was a shock to Paul when it happened...and to the rest of the Beatles. (I'm not sure if it was JUST the records---I seem to recall it was to the MUSIC.
That happened YEARS ago. & whoever (above) said there wasn't a law 'back then' to protect this...doesn't know JACK....There were laws/ Actually, laws were more strict then than they are now....but this wasn't the deal. Read the first answer on top...which explains what happened clearly.
M.J. probably is trying to reinvent himself to avoid having to sell them BACK (in order to have some money----the bloke is broke you know!)
2006-12-18 16:26:01 · answer #10 · answered by Anonymous · 0⤊ 2⤋
Paul didn't want to..the Beatles catalogue was up for sale and Michael Jackson outbid him,even though he knew that Paul wanted them....and then he decided to use their amazing songs for commercials...Jackson is a rotten friend for sure...
2006-12-18 16:08:05 · answer #11 · answered by Georgey Porgey 2 · 0⤊ 2⤋