Sir Paul McCartney has filed suit against Sony/ATV Music Publishing in New York Federal Court, seeking a declaration that he can exercise his termination rights under the Copyright Act of 1976 in order to reclaim the rights to many of his musical compositions for The Beatles. Far from being broke, it’s more of a matter of McCartney knowing he may face an uphill battle in reclaiming his song rights since his original contracts are governed by U.K. law, hence, filing in New York.
So, let’s go back to when he was in The Beatles. Here’s the December 1966 issue of English pop-music magazine RAVE where the writer tries to figure out just how much exactly the Fab Four are worth. Was he accurate? No clue, but it was a lot.