$400 Million iTunes Deal For The Beatles Catalog!!!

March 9, 2008

Finally, Paul McCartney has signed a $400 million deal, which will see the Beatles catalog make its way to iTunes, at long last.

Paul McCartney has signed a $400 million deal, which will see the Beatles catalog make its way to iTunes, at long last. Though McCartney will probably make off with the lion’s share of the cash sum, Ringo Starr and the families of the late John Lennon and George Harrison will also benefit. Micheal Jackson, EMI and Sony will also be paid, as they each own a share in the back catalog. McCartney may actually have to pay out a little more on his divorce settlement because of the deal. How that works is anyone’s guess, but you gotta feel sorry for him; having to share all those millions is just plain malicious. Efforts to clear the Beatles-related music for digital distribution have been previously held up by a long-running trademark feud between iPod\iTunes-owner Apple Inc. and Apple Corps., the Beatles label. The two sides finally settled the dispute, opening the door to clear the catalogs for distribution via iTunes and other digital retailers.

United Press International

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