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History: Early years of The Beatles
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History: Early Years Of The Beatles

Song catalogue
Most of The Beatles' catalogue was published by Northern Songs Ltd., a company formed in February 1963 by music publisher Dick James especially for Lennon and McCartney, though it would later acquire songs by other artists. The company was organised with James and his partner, Emmanuel Silver, owning a controlling interest, variously described as 51% or 50% plus one share. McCartney had 20%. Reports again vary concerning Lennon's portion—19 or 20%—and Brian Epstein's—9 or 10%—which he received in lieu of a 25% band management fee.
In 1965 the company went public. Five million shares were created, of which the original principals retained 3.75 million. James and Silver each had 937,500 shares (that is, each had 18.75% of the total 5 million); Lennon and McCartney each had 750,000 shares (15% each); and Epstein's management company, NEMS Enterprises, had 375,000 shares (7.5%). Of the 1.25 million shares put up for sale, Harrison and Starr each acquired 40,000. At the time of the stock offering, Lennon and McCartney renewed their initial three-year publishing contracts, binding them to Northern Songs until 1973. Harrison created Harrisongs to represent his solo compositions, but signed a three-year contract with Northern Songs that gave it the copyright to his work during that period, which included "Taxman" and "Within You Without You". The few songs on which Starr received cowriting credit before 1968, such as "What Goes On", were also all Northern Songs copyrights.

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Keywords:#history #early #years #beatles
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Date added:Oct 11, 2010
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