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Jackson was first informed that the ATV catalog was up for sale in September 1984 by his attorney, John Branca, who had put together Jackson's earlier catalogue acquisitions.Warned of the competition he would face in buying such popular songs, Jackson remained resolute in his decision to purchase them.

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One evening whilst at the dining table, Mc Cartney brought out a thick, bound notebook displaying all the songs to which he owned the publishing rights.Pye also had contracts with several US companies, allowing them to manufacture and distribute records in the UK.Chess Records was among those, and counted Chuck Berry as one of its top artists.ATV Music Publishing remained a successful organization in the music industry throughout the 1970s.Len Beadle, the company's chief executive, signed up many songwriters and bought numerous song catalogues.By the mid-1980s, ATV Music Publishing and Pye Records were both up for sale.

The companies were bought relatively cheaply by Australian businessman Robert Holmes à Court, who acquired Associated Communications Corporation (the parent company) in 1982, During this time, American singer Michael Jackson was recording "Say Say Say" for Paul Mc Cartney's Pipes of Peace album.

Despite the success of the music publishing organization, other ventures formed by Grade were not performing as well.

Pye Records, which continued to distribute music from artists such as Carl Douglas and Barry White, was failing to bring in large amounts of money.

Jackson grew more excited as he examined the pages.

He inquired about how to buy songs and what the songs were used for.

Paul Mc Cartney, who had told Jackson about the importance of owning publishing, admitted he felt somewhat undercut by the purchase, because ATV Music Publishing owned the publishing rights to most of The Beatles' songs, although he did not enter the bidding when it came up for sale in 1984.