Paul McCartney and Sony Settle Beatles Copyright Suit

Can't believe his luck'I do sometimes think

The legendary singer, songwriter and bass player sued the music publishing giant in a U.S. District Court in NY earlier this year to regain his copyrights to songs in October 2018.

However, today the Hollywood Reporter has announced McCartney and Sony/ATV have settled their dispute. McCartney had provided Sony/ATV with notices that he meant to reclaim the copyrights as soon as the law permitted. The singer's representatives could not immediately be reached on Friday for comment.

The case concerns tracks that were jointly composed by McCartney and the late John Lennon from 1962 to 1971. McCartney has been wrangling to get them back since then.

Paul McCartney reclaims iconic Beatles song catalogue for unknown settlement price

Sony/ATV obtained the rights to The Beatles songs a year ago (16) after purchasing them from the estate of the late Michael Jackson. Jackson sold half of his share to Sony 10 years later for $100 million, and his estate sold the other half to Sony for $750 million in 2016. Despite not receiving any pushback from Sony/ATV after sending termination notices, the artist was on alert because one of the company's affiliates successfully opposed Duran Duran's efforts to regain rights.

The terms of the settlement were confidential will not be disclosed, but it seems as though the rights will begin reverting to McCartney in 2018 when the 56 years have passed, Ultimate Classic Rock said.

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