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Thread started 04/11/07 10:40pm

scriptgirl

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Why did Prince not buy the Beatles catalog?

I know that is a weird question, but I am just curious as to why he didn't. Did he not have the money, did owning someone else's catalog gall him, what? And if he had bought the catalog, how would it be different than MJ owning it?

I apologize if this question annoys you, I just am really curious about it.
"Lack of home training crosses all boundaries."
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Reply #1 posted 04/12/07 12:08am

P2daP

Because he's against the idea! The idea of someone owning music that they did not create!


I agree with him. nobody should own music they didn't create.


I feel Michael is in the wrong for owning the catalog. Not that Paul McCartney is any better as he owns many artist's songs as well.
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Reply #2 posted 04/12/07 12:14am

prodigalfan

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Why would Prince want to buy Beatles catalog when he can sit down and write his own masterpieces for free??

MJ on the other hand can't do that... (write his own masterpieces for free) so he got to buy others.

razz
"Remember, one man's filler is another man's killer" -- Haystack
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Reply #3 posted 04/12/07 12:27am

savoirfaire

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Whether or not Prince actually cared to own these masters (though I for some reason thing he did not.... he probably wasn't even overly aware when they were up for bid), I highly doubt he would have had the money ot buy them.

I mean, dayum, we're talking about the Beatles Masters here!! Paul McCartney couldn't even hang on to them, and he's a billionaire now.
"Knowledge is preferable to ignorance. Better by far to embrace the hard truth than a reassuring faith. If we crave some cosmic purpose, then let us find ourselves a worthy goal" - Carl Sagan
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Reply #4 posted 04/12/07 12:28am

savoirfaire

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savoirfaire said:

Whether or not Prince actually cared to own these masters (though I for some reason thing he did not.... he probably wasn't even overly aware when they were up for bid), I highly doubt he would have had the money ot buy them.

I mean, dayum, we're talking about the Beatles Masters here!! Paul McCartney couldn't even hang on to them, and he's a billionaire now.


Come to think of it, I can't believe any individual could buy these. I'm gonna look up the purchase price somewhere. Let's start with wikipedia.
"Knowledge is preferable to ignorance. Better by far to embrace the hard truth than a reassuring faith. If we crave some cosmic purpose, then let us find ourselves a worthy goal" - Carl Sagan
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Reply #5 posted 04/12/07 1:18am

wlcm2thdwn

Who cares about the Beatles? I don't think MJ really wants it he just did it to spite Paul McCartney!
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Reply #6 posted 04/12/07 1:33am

kremlinshadow

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prodigalfan said:

Why would Prince want to buy Beatles catalog when he can sit down and write his own masterpieces for free??

MJ on the other hand can't do that... (write his own masterpieces for free) so he got to buy others.

razz


Oh please - what planet are you on??? eek
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Reply #7 posted 04/12/07 1:44am

prodigalfan

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kremlinshadow said:

prodigalfan said:

Why would Prince want to buy Beatles catalog when he can sit down and write his own masterpieces for free??

MJ on the other hand can't do that... (write his own masterpieces for free) so he got to buy others.

razz


Oh please - what planet are you on??? eek


Planet Earth razz
"Remember, one man's filler is another man's killer" -- Haystack
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Reply #8 posted 04/12/07 2:36am

metalorange

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The story goes, when Paul McCartney was working with MJ he was always on about how he was going to buy back the Beatles catalogue. Then sometime later MJ buys the catalogue (I seem to remember it was a job lot with a lot of non-Beatles stuff too) and Paul was pretty upset about it. He'd made so much money off Thriller he could afford to do it, still, it was at a time when the value of publishing rights wasn't fully appreciated - as albums became re-issued on new formats like CD the value of the catalogue sky-rocketed - in fact probably most of MJs fortune came from this incisive business decision to buy at the right time.

I'm sure I read somewhere that MJ sold a big chunk of his acquired catalogue to Pepsi because he needed the cash...

So to answer the question, no one at the time realised how much money there was to be made off owning publshing rights, something Prince only came to realise in the mid-90s about his own catalogue.
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Reply #9 posted 04/12/07 8:04am

scriptgirl

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It's not like Paul ever lacked for money. I think he was just lazy about buying the catalogue back
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Reply #10 posted 04/12/07 8:11am

adorable2

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wlcm2thdwn said:

Who cares about the Beatles? I don't think MJ really wants it he just did it to spite Paul McCartney!

I don't think MJ did it to spite Paul but Paul gave MJ the idea. MJ being a shrewd businessman, bought the Beatles catalog. It didn't make him a good friend but if you were going to buy a catalog for profit what would be a better catalog than the Beatles? It was a good business decision. Friendship wise maybe not so much. I still however don't think he would shell out all that money just to spite Paul. He did it because what the catalog was worth.
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Reply #11 posted 04/12/07 9:53am

UCantHavaDaMan
go

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I would much rather see Paul buy it back.
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Reply #12 posted 04/12/07 10:29am

InsatiableCrea
m

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because he didnt want to
cream.
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Reply #13 posted 04/12/07 11:02am

xplnyrslf

metalorange said:

The story goes, when Paul McCartney was working with MJ he was always on about how he was going to buy back the Beatles catalogue. Then sometime later MJ buys the catalogue (I seem to remember it was a job lot with a lot of non-Beatles stuff too) and Paul was pretty upset about it. He'd made so much money off Thriller he could afford to do it, still, it was at a time when the value of publishing rights wasn't fully appreciated - as albums became re-issued on new formats like CD the value of the catalogue sky-rocketed - in fact probably most of MJs fortune came from this incisive business decision to buy at the right time.

I'm sure I read somewhere that MJ sold a big chunk of his acquired catalogue to Pepsi because he needed the cash...

So to answer the question, no one at the time realised how much money there was to be made off owning publshing rights, something Prince only came to realise in the mid-90s about his own catalogue.


To add to the story: Paul didn't have the $$ at the time and was trying to convince Yoko Ono to go in on the deal. She hedged, and MJ got it. (Yoko had lost alot of $$ investing in dairy cows at one point.)
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Reply #14 posted 04/12/07 12:08pm

P2daP

I sure hope Paul NEVER EVER gets those songs back. that cry baby heartless bastard gets everything he deserves! I hope that lady takes everything from him!!
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Reply #15 posted 04/12/07 12:49pm

metalorange

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xplnyrslf said:

(Yoko had lost alot of $$ investing in dairy cows at one point.)


I heard once that back when Abba were massive they were Sweden's biggest importers of beef. Something to do with the exchange rate and tax made that a better way to get the maximum out of their money!
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