Southern Maryland: When I read that Michael Jackson was in financial trouble, I thought, "Hey, maybe Paul McCartney can buy the Beatles songs back." McCartney says that when the songs came on the market years ago, he approached Yoko about buying them together, but Yoko thought the asking price was too high.
What does it mean that Jacko "owns" the songs? The surviving Beatles and their families still get royalties as the songwriters.
David Segal: My understanding -- and there will be people who know this stuff better -- is that Jackson owns the publishing rights to the tunes, which means he gets a percent of revenue any time the song is played. McCartney will get a songwriter's royalty when those songs are played. I'm not sure how that split actually works, but Jackson's share is huge and it must gall Sir Paul to no end that he's putting so much in Jackson's pockets. Especially because of that duet, "The Girl is Mine."
Was the low point of McCartney's career? I think it might be.