Editing Penny Lane (section)

==Song ownership, McCartney live performances and cover versions==
In 1969, the Beatles' publishing company [[Northern Songs]] was acquired by [[Associated Television|ATV]], a media company owned by [[Lew Grade]].{{sfn|Miles|2001|p=344}} By 1985, ATV was being run by Australian entrepreneur [[Robert Holmes à Court]], who decided to sell the catalogue to [[Michael Jackson]].<ref name="BB/Reuters" /> Before the sale, Jackson allowed the rights for "Penny Lane" to be exempt from the deal and given instead to Holmes à Court's teenage daughter.<ref>{{cite web|url=https://www.theguardian.com/music/musicblog/2016/mar/21/paul-mccartney-reclaims-composition-rights-beatles|first=Eamonn|last=Forde|title=The Long and Winding Road: How Paul McCartney is clawing back his catalogue|publisher=[[The Guardian|theguardian.com]]|date=22 March 2016|access-date=5 June 2019}}</ref> As of 2009, Catherine Holmes à Court-Mather was still the copyright owner of "Penny Lane", which is one of the few Lennon–McCartney songs not owned by [[Sony Music Publishing]].<ref name="BB/Reuters" />{{refn|group=nb|The others include the A- and B-sides of the Beatles' first two singles. "[[Love Me Do]]" and "[[P.S. I Love You (Beatles song)|P.S. I Love You]]" are owned by McCartney's [[MPL Communications]], while "[[Please Please Me (song)|Please Please Me]]" and its B-side, "[[Ask Me Why]]", are administered by [[Universal Music Publishing Group]].<ref name="BB/Reuters">{{cite news|url=https://www.reuters.com/article/us-beatles-idUSTRE5790IA20090810|archive-url=https://web.archive.org/web/20140103181339/https://www.reuters.com/article/2009/08/10/us-beatles-idUSTRE5790IA20090810|archive-date=3 January 2014|author=''Billboard'', New York (Ed Christman, Susan Butler, Paul Sexton)|title=Beatles copyrights in McCartney's (distant) sights |work=[[Reuters]]|date=10 August 2009}}</ref>}}

"Penny Lane" was instantly popular with both contemporary pop artists and [[supper club]] entertainers. According to author [[Alan Clayson]], it was one of several McCartney compositions that "walked a safe and accessible line" and allowed easy interpretation during a period when "schmaltz was represented in the charts as much as psychedelia".{{sfn|Clayson|2003|p=116}} Artists who have covered the song include [[Amen Corner (band)|Amen Corner]], [[Judy Collins]], [[Arthur Fiedler|Arthur Fiedler and the Boston Pops]], [[Engelbert Humperdinck (singer)|Engelbert Humperdinck]], [[James Last]], [[Enoch Light]], [[Kenny Rankin]], [[John Valby]], [[Newton Wayland]] and [[Kai Winding]].<ref name="Fontenot/About" /> [[The Rutles]]' 1978 song "Doubleback Alley" is a parody of "Penny Lane".{{sfn|Womack|2014|p=724}} Written by Innes, it was part of the Rutles' TV film satirising the Beatles' career, ''[[All You Need Is Cash]]''.<ref>{{cite web|first=Lindsay|last=Planer|title=The Rutles ''The Rutles''|url=https://www.allmusic.com/album/the-rutles-mw0000653597|publisher=[[AllMusic]]|access-date=30 May 2019}}</ref>

McCartney has regularly included the song in his tour set lists.{{sfn|Turner|2016|p=404}} He first performed it on his [[The New World Tour|New World Tour]] in 1993.{{sfn|Sounes|2010|p=439}} [[Elvis Costello]] performed "Penny Lane" during a concert at the [[White House]] in June 2010 when McCartney received the [[Gershwin Prize]] from [[President Barack Obama]].{{sfn|Womack|2014|p=724}} In his introduction to the song, Costello said that his mother had grown up less than a mile from Penny Lane, and so hearing the Beatles single had been a powerful moment for him and his family.<ref>{{cite magazine|first=Jonathan L.|last=Fischer|url=https://www.rollingstone.com/politics/politics-news/mccartney-rocks-obama-at-the-white-house-105446/|title=McCartney Rocks Obama at the White House|magazine=[[Rolling Stone]]|date=3 June 2010|access-date=5 June 2019}}</ref>