Rock School; Jackson-Mccartney And The ATV Catalog

Adams, Adam Lee, Adamowski, Buehler, Burns, Burns, Burns. Oh, excuse, I fall in love. I've got a fan, so paid, I'm a teacher. It's time for school. With your hosts, Dr. Joe Burns. And I know right now, people are throwing the bird to the radio. And what I'm saying. But it's his. Right. He could have done anything he wanted with them. Class is in. This is the Rock School Radio Show. Rock School Radio Network. My name

is Joe Burns. You are? I am Tammy Burns. Michael Jackson died on June 25th, 2009. I remember where we were. We were having dinner and I ran over to Facebook. I had just gotten on Facebook. I remember we ran over to say I ran over to Facebook and posted up. Hey, Michael Jackson has died thinking I was informing the entire internet that Michael Jackson had passed away. Yeah. Why do we care about that? Well, here are a couple facts. In 2009, he dies, leaving behind three children. In 2012, a group led by Sony ATV. Keep ATV in mind that's very important. Okay. The Jackson estate, along with Sony ATV, close a $2 .2 billion deal for the purchase of EMI Music Publishing. This is a publishing house that owns the songs by the police, Justin Bieber, one direction, the Beach Boys. In 2015, Sony triggers a buy sell process with the

Jackson estate that allows it to buy out Michael Jackson's or at least the estate's stake in Sony ATV's catalog, which now includes everyone from Marvin Gaye to Taylor Swift to fall out boy to Lady Gaga. Okay. Why? Because Michael Jackson's estate, because of what Michael Jackson did, he apparently spent like nobody's business, is $500 million in the red. In 2016, this year, March 15th, Sony announces plans to complete its acquisition of the estate's 50 % Sony ATV stake for 750 million. So bingo, it's going to take the Michael Jackson estate out of the red deposit and put it in the black by $250 million. Right. A definitive agreement is expected by March 31st with the deal to close coming in late 2016 or early 2017. So what? That's a lot of legal mumble jumbo that I just gave to you. Do you remember the

story? And a lot of music files will remember this. The story that when Michael Jackson was recording with Paul McCartney, two songs, the dog on girl is mine and say, say, say, Michael Jackson was said to by Paul McCartney, hey, you know what? To make a little bit of money, you should get into music publishing. You should buy songs and Michael Jackson just screwed him over by buying the Beatles catalog. I do remember that. Okay. Yeah. That's not what happened. No? No, that's the popular story and that makes Michael Jackson out to be a villain and that makes Paul McCartney out to be a hero. But that's not what happened. Are you sure? I guarantee it. I have the story here and the reason I'm giving the story is because that ATV catalog, which is what Michael Jackson purchased, is what's going to put his estate back into the

black. And it's going to help out years later. Now, is it going to be sold back to Paul McCartney? Yeah. No. No. But because of a copyright ruling, Paul McCartney is going to profit in just a few years. Does this sound confusing to you? All right. My head is spinning. Stay with The Rock School Radio Show and I will explain all of it to you, including what actually happened in the purchase of the ATV catalog. I'll even tell you what ATV means. Please do. Of the ATV catalog where supposedly Michael Jackson screwed over Paul McCartney when in reality he didn't. I'm going to tell you the actual story. So what are we going to play today? Well, Beatles songs, of course. Come on. This we're going to do. It's Lady Madonna on Rock School. Lady Madonna, children at your feet. Wonder how you manage to make ends meet. Who finds the money when you pay the rent?

Did you think that money was heaven's end? Friday night arrives without a suitcase. Sunday morning creeping like a nun. Monday's childers learn to tie his bootless. See how they run. Lady Madonna. Baby at your breath. Wonder how you manage to feed the way. See how they run. Lady Madonna. Lying on the bed. Listen to the music playing in your

head. Cheers the afternoon is never ending. Wednesday morning papers didn't come. Thursday night your stockings needed many. See how they run. Lady Madonna. Children at your feet. Wonder how you manage to make ends meet. I'm going to tell you what happens to Paul McCartney last in the show. Because I said that he's going to start to profit off of these songs even though he doesn't own them. And we'll never own them because Michael Jackson can't sell them back to him. And there's this rumor that upon Michael Jackson's death in his will the songs were

willed back to quote and I'm finger quoting here the Beatles. Complete horse manure complete right off the internet bunk. I want this deal though. If Paul McCartney with all his money is going to be making more money off of not really own in something. Right. How do you get in on this? $687 million is what he is supposedly worth. Now some people say he's worth a billion dollars conservative estimates say $687 million. So no concerns with money. However, you would like to see a beetle have his hands on the Beatles songs. And he will according to law have a shot at gaining off of those songs soon. And we'll do that last in the show. But first we need a little background on this in 1957. The new music publishing company known as Associated Television. ATV is formed. A guy named Sir Lou Grade. It might be Grade. G -R -A -D -E. A known British media mogul in the 1950s and 60s

forms it. Okay. What do we care? You see very seldom does a musician own his own songs. Normally the songs are paid to a publishing house. The publishing house is responsible for accepting and then sending out music on the songs when they get used. Because seldom do the songs get used for next to nothing. They're used for not only radio but they're used for film. They're used for television. They're used for commercials. They're used for whatever you wish to license them for. And by giving them to a publishing house it just makes the world easier. I see. Yes. To deal with it. Okay. None of Van Halen's music is owned by them. Gotcha. It's owned by a publishing company. And all the money comes back to the publishing house. And then royalties are paid out to the band. Gotcha. Okay, fine. In 1969 the Beatles, John Lennon and Paul McCartney attempt to gain control of all of their music, which is by the way owned by another publishing company called Northern Songs. Northern Songs is sold to ATV. So let's fast forward to 1982.

Jackson, Michael Jackson, learns about the importance and lucrative nature of song publishing from, soon to be former friend, Paul McCartney during a London session for the song, say, say, say, this is where people go, well, Paul McCartney got screwed. Michael Jackson heard about this and went, well, I'm going to go buy all the Beatles, but not quite what happened. We'll play one more and I'll start to tell you the story. Step by step of how this thing happened. Another Beatles song? Well, yes. Paperback writer on Rocks Goal. Paperback writer on Rocks Goal. You're so mad when you read my book. It took me years to write. Will you take a look? It's based on a novel by a band, namely, and I need a job. So I want to be a paperback writer. Paperback writer.

There's a story of a dirty man that is clinging right, doesn't understand. His son is working for the Daily Mail. It's a steady job, but he wants to be a paperback writer. Paperback writer. Paperback writer. There's a thousand pages going to take you. I'll be writing more than we could do. So I can make it longer if you like the stuff. I can change it around and I want to be able to go back writer. Paperback writer. You really like it, you can have the right. You could make a million for you all the night. You must pretend that you can't say anything here. But I need a break and

I want to be a paperback writer. Paperback writer. Paperback writer. Paperback writer. Paperback writer. Paperback writer. Paperback writer. I'm not a paperback writer, let's start with the story. According to mainly Forbes magazine, a well -researched story, and a great deal of other little areas I looked at. Because if you just go to Bob's blog, you got the story that Paul McCartney got screwed. But if you go to places that have editors

and are sort of required to look at their sources, you have much more fuller a story, much more rich with sourced material. This appears to be the true story. One night in 1981, Paul McCartney has Michael Jackson at his house outside of London. And Michael Jackson shows a binder filled with music that Paul McCartney owns. I'm sure it's filled with all of this music that he has been collecting copyrights on for years. Now, none of its Beatles songs, because that's all owned by ATV. He, Paul McCartney, purchased the Buddy Holly catalog, a Broadway catalog, and Paul McCartney told him, look, here's a computer printout of everything that I own. And apparently it's as long as his arm plus and goes on. Michael Jackson is impressed with this and goes back to California and found himself with this concern.

He had just earned $9 million and had a pile of money that his accountant said to him, look, you can't hang on to. Do something. Right. If you just set it in a bank, the government's just going to eat it up. Go do something with it. Invest it. Give it away. Take it out in the street and burn it. That wasn't what he said. But you got to do something with it. So Jackson employs this guy named John Bronca, who's known for investing the money of rock stars. He's made his living investing these huge sums of money and making money for rock stars. Wow. Fine. Yeah. The conversation that he had was that he wanted to buy music. Two songs came up for grabs. Run around Sue and the wanderer. Okay, two songs everybody knows. He didn't know them. Michael Jackson didn't know the songs. So what Bronca did was go find the songs. Remember, this is before the internet. So you can't just pull it up on YouTube and play for them. Yeah. So go get me a 45 kid. You know, gave the kid like five bucks. Run. Go to the

store. Go to go to came art. Go get me a 45. Played the music for Michael Jackson and Jackson. I know those songs. I danced to that the other night. Okay. Go get me those songs. And he went ahead and bought them. Just outbid the other people. He's got nine million dollars to play with. Okay. How much did he get him for? Doesn't say. Doesn't say. What he really wanted was the Motown catalog. Yeah. Okay. The problem was Barry Gordy would not sell to him. In fact, he wouldn't sell to anyone until 1997 when he sold it to EMI for about $132 million. Which Michael Jackson couldn't afford. A company could afford it, but Michael Jackson couldn't afford it. The problem was that there was this guy who under, you know, under rumblings didn't post it anywhere. But if you were in the business, you heard that this guy was attempting to sell this catalog.

And that's where we're going next. Sure is my list of Beatles songs. What do I want to hear? Oh, come together. That's a good one. There you go. Let's come together on Rock School. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Oh wow. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Come together, come together, come together, yeah Come together, yeah, come together, yeah Come together, yeah,

come together, yeah Come together, yeah, come together, yeah Coming out to come together, let's talk about how Michael Jackson hears about the ATV catalog. It has since been sold. Okay, it is now owned by this billionaire guy named Robert Holmes Accord. If you have an A in your name with an accent over it, you're a billionaire. Oh, you're somebody. Sure, you are a billionaire. We just sort of drop that if you're a garbage person or you drive a bus. But if you're a billionaire, we keep the A in there. He is the sole owner of ATV and he wants to sell it. If the right price is being given. Now, here's where we get into the concept of this is where Michael Jackson screws over Paul McCartney. He, Michael Jackson, knows that the vast numbers of the songs are written by two people. John Lennon and Paul McCartney. And Paul McCartney. So the first person he contacts is not John Lennon because John Lennon is no longer with us. Right. So he contacts, guess who? McCartney.

No, no, Yoko Ono. Oh. Contact Yoko Ono. Oh. Okay. Well, here's the thing. Brocka, who is the person who is representing Michael Jackson and all of these purchases, finds out that this thing is available. So he, on Michael Jackson's pitch, contacts Yoko Ono and says, are you going to make a deal? Or are you going to make a deal along with McCartney to purchase the ATV catalog? Because Jackson does not want a showdown. Okay. And she says, no, I personally am not, and I have not been contacted by anybody on the McCartney side. And she also states, quote, it would be nice. Actually, it would be wonderful. Let me get the quote, right? It would be wonderful if the catalog was in the hands of Michael rather than some large corporation. Agree. Okay. So right off the bat, he's been told one time. Yeah. It's okay. You've got her blessing. Right. Go for it. You have at least one side's

blessing to go buy it because the story is always told that Michael Jackson grows horns. Uh -huh. Goes out. I shall buy this out from under you. I've even heard there's a bidding war and Mike just has more money than him. Wait. We still have to talk to Paul McCartney. But first we're going to play this one. It's help. Beatles. Rock School. Help. I need somebody. Help. Not just anybody. Help. You know I need someone. Help. When I was young, I saw much younger than today. I never needed anybody's help in any way. But now these days are gone. I'm not so self -assured. I'll find a genuine mine. I'll open up the doors. Help me if you can. I'm feeling down. And I do appreciate you being around. Help me hit my feet back on the ground. Won't you please, please help

me. And now my life has changed. There's so many ways. My independent seems to vanish in the haze. But every now and then I feel so insecure. I know that I just need your life. I've never done before. Help me if you can. I'm feeling down. And I do appreciate you being around. Help me hit my feet back on the ground. Won't you please, please help me. When I was young, I saw much younger than today. I never needed anybody's help in any way. But now these days are gone. I'm not so self -assured. I'll find a genuine

mine. I'll open up the doors. Help me if you can. I'm feeling down. And I do appreciate you being around. Help me hit my feet back on the ground. Won't you please, please help me. Help me, help me. OK, coming into the first break. Now we've got to get Bronca, who is representing Michael Jackson, to contact Paul McCartney. Oh my. Paul McCartney is contacted, but not directly, because in the same way Bronca is representing Michael Jackson, Paul McCartney is being represented by John Eastman. He is asked, lawyer is asked, are you going after the ATV catalog with yourself or anyone else? Right. Are you? And is told, no, it's simply too pricey. And furthermore, even though the Beatles songs made up roughly two thirds of the ATV's value, the remaining third consisted of assets that McCartney

didn't want. This is what he was told. OK. It had copyrights to thousands of other compositions, also a sound effects library, which he didn't want. OK. And so real estate. Why real estate was in there? I don't know. But, and after being told that, Michael Jackson opens up with a bid of $30 million. That at the time is what. $30 million. That at the time is what Michael Jackson thought all the Beatles songs were worth. So we're going to take a break and we'll come back with yet more negotiations and how much he actually spent for the thing. K -R -F -Y, Sandpoint Idaho. Thanks for running the radio show. W -A -M -C -E, an eerie Pennsylvania. Go on the Facebook and search Rock School Radio Show and you'll find us like us, really like us, back in a minute on Rock School. Go on the Facebook and search Rock School Radio show.

Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Go on the Facebook and search Rock School Radio show. Okay, coming out of the break, I've already told you that Michael Jackson made a $30 million bid. Yeah, it is immediately dismissed out of hand by the owner of ATV, Robert Holmes, a court. He comes back with a counterfeit of $50 million. My gosh, keep it. That's exactly what Bronca said, the attorney for Michael Jackson

said, and he and Michael Jackson sat down, looked at finances, came back and said, we offer $47 .5 million, that's the highest amount we're going to go. You either take it or no deal, go jump in a lake. Yep. Took about a week, got back to him and said, deal, fly to London, we will close it here. You know, for that kind of money, I'm like, well, you pay for the ticket. You come to me, dude. No, that didn't happen, and there were also some caveats that went along with it, and I'll tell you what those caveats are here in just a little bit, and there's even more to it than that, and it goes farther than that. I'll tell you all the things that went along with it. So $47 .5 million, and here's the thing. A lot of people will argue with me at this point in time that it's not that Michael Jackson bought the ATV catalog. It's what he did with them. It's the concept of you own them, but then you used it in a Nike commercial, or you used it in what have you, well, here's the thing. They're his. They are. And once

he owns them, he can do with them as he wishes. That's right. And you think, but those are how -load songs. Well, to you, McCartney was tipped that somebody, Michael Jackson, is going after them. They talk to Eastman, so maybe he should have gone after them. Maybe in a later time, you know, gone to Yoko On and say, come on, let's put our money together and go after this. But Michael Jackson, they're his. They are. That's right. He bought them on the, you know, the hast of Paul McCartney to make money, why limit himself to make money? To be honest, he probably could have done a lot more with them than he did to make even more money. You know, it almost seems like he sort of held back. And I know right now, people are throwing the bird to the radio at what I'm saying. But it's his. He could have done anything he wanted with them. Let's see if we can't play the one song that Paul McCartney and

Michael Jackson played together. If this isn't rubbing salt in the wounds, I know they did two together, but this was the one that I can play on the radio. The dog on girl with mine is just not good. No, don't play that one. Yeah, say, say, say on Rod School. What you need, but don't leave me to no direction, all alone, I sit home by the phone, I wait for you, baby, baby, through the years, I can't just stand in it, my plate that is fine, but you know, I'm fine, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo,

boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo, boo. What does it say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say,

say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, say, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold fire, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up, hold up again, hold up, hold up, hold up, hold up Come on out and say, say, say, say, let me give you a close. First of all, who are you? Oh, we're

doing the bottom of the hour stuff first. Yeah, let's do it. Okay, I'm Joe Burns, you are. I am Tammy Burns. Let me give you a quote that Paul McCartney stated. First of all, he said he would never work with Michael Jackson again, and then quote, it's dodgy to do something like that to be someone's friend and then buy the rug that they're standing on. Yeah, agreed. But I think he went out of his way to inform all parties that he was going to do this and you told him that he should go out and buy music. Look, here's the bottom line. What? Don't give financial advice to your friends. Yeah, I don't. Because they may take it. I don't at all. First of all, don't take financial advice from me. The thing is, he now has to when he plays his music in concert, like, hey, Jude, which is what we're going to play out of this break. Yeah, he's got to pay royalties to Michael Jackson. So he say, say, huh? Well, the Jackson estate, but when Jackson was still alive, he had to pay to Michael Jackson to perform the songs. Let's do seven days and 70 seconds. These are the rock and roll dates. April 4th, all the way through April 10th. You got Monday, go. April 4th, 2008. Beyonce Knowles married Jay -Z

at his New York apartment. Does that make her Beyonce Z? Sure. April 5, 1985 at 3 .50 p .m. Greenwich Meantime. 5 ,000 radio stations worldwide. Air the single for USA for Africa. We are the world. I did it. I did it. You did? I did. I was on the air. I played it. You're the man. Yep. April 6th, 1968. Pink Floyd announced a founder sit there. It had officially left the group. Yeah, left. That's the way of putting it. April 7th, 1971. James Taylor is introduced to Carly Simon after a gig at the Troubadour. April 8th, 1994. Kurt Cobain's body is found in his Seattle home. By an electrician sent to install a burglar alarm. April 9, 1965. By Bruce Johnson joins the Beach Boys as the permanent replacement, Brian Wilson. And then April 10th, 2002. South Carolina Governor James Hodg declares James Brown, the state's godfather of soul. That's one of those proclamations. How many of those did I preside over? Oh, a lot. Today is Rock and Roll Day. Yes, it is. And the key to the city goes to?

That's right. Use the key to the city. Go through some people's homes and pick out some of the nicer items. It says here, once Michael Jackson purchased the ATV catalog, he not only got the rights to the Beatles songs, but also to some Bruce Springsteen, share Hank Williams, Little Richard and Rolling Stones. It turns along with it. Nice. The caveats he had to deal with, obviously, he had to fly to London to sign the deal. And he had to fly to Sydney, Australia. Why? Because Holmes, a court who he bought it from, had a daughter named Penny. Oh. And one of the things was he, Michael Jackson, could not have the song Penny Lane. That would stay under the Holmes, a court umbrella, because his daughter's name was Penny. And one of the things Michael Jackson had to do was fly to Sydney, Australia, and perform the song Penny Lane. Now it's getting expensive. Yeah, doesn't that seem silly to you that you had to do that? It does. You know, I said we were going to play Hey Jude out of this. We should probably play Penny Lane. You probably should. Probably. Yeah, it's Penny Lane on Rock School.

Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane.

Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Penny Lane. Hey Jude. I'm

ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I 'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to

go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go

I'm ready to go, I'm ready to go I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, I'm ready to go, something. Where did it go? Where did it go? Very sad. Yeah. the face that she keeps in a job

by the door. Who is it for? All the lonely people. But do they all come from? All the lonely people. But do they all be loved? Father McKenzie, writing the words of a sermon that no one will hear. No one comes near. Look at him working. Notting his socks in the night when there's nobody there. But does he care? All the lonely people. But do they all come from? All the lonely people. But do they all be loved? I look at all the lonely people. I look at all the lonely people. Nellin' and break me.

Night in the church and was buried alive with her name. Nobody came. Father McKenzie, wiping the deck through his hands as he walks from the grave. No one was saved. All the lonely people. But do they all come from? All the lonely people. But do they all be loved? Coming into the second break, again, the amount of money paid $47 .5 million. Yeah. He's just made back $100 million cash. Good deal. Now he still owns X amount. Ready? In 2002, Sony ATV buys country music publisher Acuff Rose for $157 million, scooping up the rights too. Hank Williams, Roy Orbison, Marty Robbins, Everly Brothers, Blobody, Blobody, Blobody, Blobody, Blob. In 2006, Michael

Jackson is now in debt $270 million. So, Jackson agrees to give Sony an option to buy half of his stake. Now remember, he sold half of it. So this is half of the half. Okay. It's not quite a quarter, but it's a half of the half. For $250 million. Wow. So this $47 million, $47 .5 million, has already been sold half for $100 million. And then half of the half that's left for $250 million. And if you remember, the deal that's being made right now, that will bring his family out of debt, is $750 million. Whoa. Holy cowbat, man. Nothing's worth that much. It's insane. And I'll give you, it keeps going. It keeps going. This thing that he bought, keeps going. Well, keep going. Tell me. No, no, no. I still have to fill up a show. Oh. And we still haven't gotten to the fact that Paul McCartney is going to profit of it. And you think to yourself, with all

of that money flowing around, they're not paying the artists for streaming. Think about that. Think about that. Don't drive your nuts. K -P -V -L Decora Iowa. Thanks for running the radio show. W -B -S -D in Burlington, West, Kansas. That's right. Back in a minute on Rock School. Yeah. Okay, coming out of the

break. I'm running out of information, but it just keeps showing how bigger and fatter the Sony ATV catalog. Always well. And it should make you angry on the level of how can one company own so much and then not pay people. That's what drives me nuts about the whole thing. I know I made that statement already. I don't want to keep, you know, beating that into the ground. But you've got these people who are trying to make money and you keep collecting their music. Yeah. So in 2007, now remember Michael Jackson sold half of it and then sold half of a half. Yes. And to say he's got a quarter left is not really correct, but if that's a way to stick it in your brain, there you go. Sony ATV in 2007 acquires the songs of Jerry Lieber and Mike Stolar. Think of the 1950s. Think of money. Yeah. They own the 50s. Think Hound dog. Think on Broadway. Jail House rock. There goes my baby. That kind of stuff. And then in 2008, the year before Michael Jackson passes away. Sony

ATV purchases famous music or at least the international administration rights. I don't really know what that means. But they now own them. $370 million. They paid for it. What is this? This is something that was sold to them by Universal Music Group. It's 1 ,000 pardon me, 125 ,000 songs. These songs are by Shakira, Pink, Beck, Eminem, and some of the other monster hip -hop and Latino groups of the day. So what kind of money is pouring in? Oh my God. At this point in time, the government just says, I go ahead, print your own money. You can't print it as fast as you can make it. There's a movie right there. And Michael Jackson still is, again, it's not a quarter. But if you think of it that way, he's still a quarter owner in all of this. For a $47 .5 million investment. Gosh. Let's play another one. What do you want to play? You're a date -repper. Good one. Now do it. Here in Roxville.

Go to the good reason. For taking the easy way out. Go to the good reason. For taking the easy way out now. She was a date -repper. One way to get it. It took me so long to find out. I found out. She's a big teaser. She took me half the way there. She was a date

-repper. One way to get it. It took me so long to find out. I found out. Oh. Oh. Oh. Try to please her. She only played one night stand. She was a date -repper. Some day drive by, yeah. It took me so long to find out.

But I found out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out. It took me so long to find out.

It took me so long to find out. It took me so long to find out. It took me so long to find out. I'm sure of it. I said something's going to happen with Paul McCartney. Here's the deal. The 1976 US Copyright Act states that people are allowed to claim back the titles of music. According to the law, any song written prior to 1978 turns back into the property of the songwriter after 56 years. No way. Okay, let's do the mathematics. Okay. 1964, songs that were written and published bang 1964. I want to hold your hand, blah, blah, blah.

56 years, 964, carry the one 2020. In the year 2020, which ain't all that far off, it reverts to being Paul McCartney's. Oh, my dear. And he will begin gaining royalties off of it. So you know Sony ATV, why are they buying up so much? They're trying to make as much money as they possibly can until the music starts to revert back. Oh, my dear. So that's what's going to start to happen. And again, absolutely no truth to the rumor that in the Michael Jackson will the music of the ATV catalog was given back to the Beatles. That is unbelievable. So there you have it. The copyright act states all songs before 78 go back to the owner and he'll start making money off it. Can you imagine that? Yeah, it's going to be, it's going to be ridiculous. But you wonder, seriously, has it not been milked dry after 56 years? Obviously not. Well, we'll see, we'll see. And Paul McCartney shows absolutely no signs

of stopping. What's so ever? That's going to wrap it up. Oh, my. So there's your story. Is it 100 % true? It says true as I could get it. So if you can, you know, sit somebody down, there's the whole thing. This is a movie. It is a movie. This is unbelievable. Yeah. And the corruption that has to be woven within all of those words. Yeah, probably. We got to get out of here. It's hey, Jude. I promised it earlier in the show. Now I'm going to make good on my offer. I'm Joe Burns. I am Tammy Burns. I do it. Classes dismissed. Hey, Jude, don't make it bad. Take a sad song and make it better. Remember to let her into your heart. Then you can start to make it better. Hey, Jude, don't be afraid. You were made to go out

and get her. The minute you let her run to your skin. Then you begin to make it better. And any time you feel a pain, Hey, Jude, breathe right in. Don't carry the world up on your shoulder. For well, you know that it's a fool. Your place is cool. I'm making this world all it's all cold up. Na na na na na na na na na na na. Hey, Jude, don't let me down. You have found her.

Now go and get her. Remember to let her into your heart. Then you can start to make it better. So let it out and let it in. Hey, Jude, begin. You're waiting for someone to go away. And don't you know that it's just you? Hey, Jude, you do. The moment you leave is on your shoulder. Na na na na na na na na na na na. Hey, Jude,

don't make it bad. Take a side song and make it better. Remember to let her run to your skin. Then you begin to make it better. Better, better, better, better, better. Oh, yeah, yeah, yeah, yeah, yeah. Na na na na na na na na. Hey, Jude, Jude, Jude, Jude, Jude. Na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na.

Hey, Jude, Jude, Jude, Jude, Jude, Jude, Jude. Na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na.