Final answer:
John Lennon's angry outburst during a business meeting with investors contributed to The Beatles' failure to gain majority control of their song catalog. The band, amidst their impact on youth culture and clashes with conservative views, faced several business challenges, including legal issues parallel to those impacting Hollywood's structure.
Step-by-step explanation:
The angry outburst that played a role in The Beatles' failure to gain majority control of their song catalog can be attributed to John Lennon.
During a critical business meeting with potential investors, Lennon's temper flared, influencing the outcome negatively. The Beatles, known for their cultural impact in the 1960s and the suburban youth culture they represented, faced various challenges, including business and legal setbacks.
In the broader cultural context, while The Beatles were iconic, the music industry and entertainment business were shifting rapidly.
Beyond The Beatles' specific challenges, the music scene they were a part of often clashed with conservative views, as seen with how rock and roll and its leading artists, like Elvis Presley, were received by the adult population during that era.
Additionally, other bands like the Rolling Stones embraced themes of not getting what you want, echoing economists' understandings of scarcity and desire.
The Beatles' saga is intertwined with significant legal and business concepts, such as antitrust laws which also affected industries like Hollywood, highlighted by the landmark U.S. Supreme Court case United States v. Paramount Pictures, Inc. Policies like these played crucial roles in shaping the business landscape that The Beatles had to navigate.