Paul McCartney Performs At O2 Arena In London
Sir Paul McCartney performs live on stage at The O2 Arena on May 23, 2015 in London, England. Photograph by Jim Dyson—Getty Images

Paul McCartney Is Trying to Get Back the Rights to His Beatles Songs

Mar 21, 2016

Paul McCartney might finally get his hands on the Lennon-McCartney song catalog—56 years after the songs in it were originally published.

Billboard reports that, as of last December, the former Beatles frontman has put in action a long-term plan to buy back the rights to his and John Lennon's songs.

To backtrack a bit: The catalog, until recently, was jointly owned by Sony and the Michael Jackson estate-owned ATV Music Publishing. Last week, Sony announced that it would be buying out the Jackson estate's 50% share in the venture, giving it full ownership over the catalog.

While Sony now owns the rights to all songs in the catalog, the U.S. Copyright Act of 1976 gives songwriters the ability to reclaim ownership of their songs. For songs written before 1978, they can do so after 56 years; on or after 1978, the deadline decreases to 35 years.

Because most Beatles songs were written in the Sixties and early Seventies, the 56-year rule applies, with the earliest-written songs beginning to become available for McCartney to reclaim in 2018.

Copyright law is tricky, but suffice it to say that the 73-year-old McCartney is ready to Get Back what's his.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions