Sony/ATV Music Publishing currently owns the publishing on their legendary back catalogue...
Paul McCartney has taken the first legal steps to acquiring the rights to his share of The Beatles' back catalogue.
The iconic Liverpudlian songwriter filed a claim with the US copyright office on December 15, Billboard reports.
The US publishing is currently owned by Sony/ATV Music Publishing.
Under US law, however, artists can apply to reclaim publishing rights to their work 56 years on from their initial publication.
That means those famous Lennon-McCartney songs will be up for grabs in 2018.
McCartney's termination notice was for 32 songs, while the late John Lennon's half of the publishing would remain with Sony/ATV after the company apparently cut a deal with Lennon's widow, Yoko Ono.
Sony/ATV gained joint ownership of the back catalogue back in 1995, paying Michael Jackson approximately £59 million for the rights.
The Jackson estate has now decided to sell its remaining 50% stake to Sony for $170 million.
Famously, Jackson had purchased ATV – and the Beatles' back catalogue – in 1985 after advice from McCartney himself that owning publishing rights could prove to be highly lucrative.
He told Jackson at the time:
"This is the way to make big money. Every time someone records one of these songs, I get paid. Every time someone plays these songs on the radio, or in live performances, I get paid".
McCartney later said of Jackson outbidding him:
"I think it’s dodgy to do something like that. To be someone’s friend, and then buy the rug they’re standing on".