Paul McCartney will reportedly win the rights back to a large portion of The Beatles' catalogue.
McCartney lost ownership of the tracks over 30 years ago when he was out bid by Michael Jackson (and they were buddies at the time) However the 1976 U.S. Copyright Act will allow him to reclaim the titles once more in five years. The law allows songs penned prior to 1978 to be property of the songwriter after 56 years.
McCartney will soon start to collect royalties and licensing money each year and his estate is expected to rake in profits for most of the band's famous hits by 2026.
Jackson and McCartney had collaborated in the early 80’s, producing hits like ‘Say Say Say’ and 'The Girl Is Mine.’ However, their friendship diminished in 1985 when he outbid McCartney in a Sony records deal for a large portion of Beatles songs.