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What company was set up to control John Lennon and Paul McCartney's songwriting copyrights?
Wiki User
∙ 15y ago
Northern Songs
Wiki User
∙ 15y ago
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A company is associated with another company if one is under the control of the other, or if both are under the control of the same person or persons. Control is usually defined by reference to ownership of share capital, or voting power.
Can a company control another?
yes
How did The Beatles lose Northern Songs?
Their publisher Dick James and his partner sold their stock in the company to Sir Lew grade's ATV. A group of investors held a crucial block; If the investors sided with ATV on company matters, ATV would gain effective control. If they sided with the Beatles (who owned nearly the same number of shares as ATV, but did not have a majority), they and Apple Corps would gain control of Northern Songs. John Lennon was concerned about businessmen trying to dictate what music he should make; it came out as a crude comment, that soured the investors on taking the Beatles' side. Losing control of the company, Lennon and Paul McCartney decided to "cash out", and sell their own shares to ATV. They fulfilled their songwriting contract, then each started their own publishing companies.
What is audit control?
Its a procedu used by an aditor to control the finacially activeties of the company
