In artists’ battles to terminate, recover copyrights, $750-million Beatles catalog’s a legal behemoth
It’s a provision of copyright law that has proved advantageous for many—but not for Duran Duran. Now Paul McCartney, a titan of the music industry, has sent tremors through the business by asserting he soon will try it with his iconic tunes, which are worth tens of millions of dollars.
The music industry has braced for some time over what will happen with musicians’ termination notices and the subsequent recaptures of their compositions as permitted under the law. Some songwriters – who say they too were young, poor, naïve, and misinformed – insist they must seize back their copyrights after being taken advantage in earlier deals. Will this launch a new gold rush of innovative deal making early in careers? On the litigation front, will Sir Paul bring a new wave of lawsuits over copyrights to now-legendary works? (more…)