Due to the popularity of the Beatles songs, “Penny Lane” street signs in Liverpool were so often stolen, local authorities got tired of replacing them and began painting the street’s name onto the sides of buildings
“Penny Lane”” is a song by the Beatles, written primarily by Paul McCartney. It was credited to Lennon–McCartney.Recorded during the Sgt. Pepper sessions, Penny Lane was released in February 1967 as one side of a double A-sided single, along with “”Strawberry Fields Forever””. Both songs were later included on the Magical Mystery Tour LP (1967). The single was the result of the record company wanting a new release after several months of no new Beatles releases.In 2004, Rolling Stone ranked Penny Lane”” at #456 on its list of the 500 Greatest Songs of All Time.
The song’s title is derived from the name of a street near Lennon’s childhood home for his first 5 years (Newcastle Road, just off Church Road), in the band’s hometown, Liverpool. McCartney and Lennon would meet at Penny Lane junction in the Wavertree area to catch a bus into the centre of the city. At the time, in the 1960s, this was a significant bus terminus for several routes, and buses with “”Penny Lane”” displayed were common throughout Liverpool. The name Penny Lane is also used for the area that surrounds its junction withSmithdown Road, Smithdown Place (where the terminus was located) and Allerton Road, including a busy shopping area. Penny Lane is named after James Penny, an 18th-century slave trader.The street is an important landmark, sought out by many Beatles fans touring Liverpool. In the past, street signs saying “”Penny Lane”” were constant targets of tourist theft and had to be continually replaced. Eventually, city officials gave up and simply began painting thestreet name on the sides of buildings. This practice was stopped in 2007 and more theft-resistant “”Penny Lane”” street signs have since been installed, although some are still stolen.Beatles producer George Martin has stated he believes the pairing of “”Penny Lane”” with “”Strawberry Fields Forever”” resulted in probably the greatest single ever released by the band. Both songs were later included on the US Magical Mystery Tour album in November 1967. In the UK, the pairing famously failed to reach No. 1 in the singles charts, stalling one place below Engelbert Humperdinck’s “”Release Me””. In the US the song became the band’s 13th single to reach number 1 on the Billboard Hot 100, doing so for a week before being knocked off by The Turtles song “”Happy Together””.The single was released following the success of the double A-side “”Yellow Submarine””/””Eleanor Rigby””, when Brian Epstein enquired if the band had any new material available. Since the Beatles usually did not include songs released as singles on their British albums, both songs were left off the Sgt. Pepper’s Lonely Hearts Club Band album, a decision Martin later regretted. This was also the first single by the Beatles to be sold with a picture sleeve in the UK, a practice rarely used there at that time, but common in the US and various other countries (such as Japan).”