ROUNDUP: EMI Royalty Settlement With Beatles Boosts Download Hopes - Music News - Playfuls.com - Fun Entertainment
Sammy King  |  by www.playfuls.com. All rights reserved. 23.04 | 16:19

The Beatles have settled a long-running legal row with record company EMI over royalty payments of 30 million pounds (59 million dollars), a spokeswoman for EMI confirmed in London Thursday.
Last month we settled on mutually acceptable terms, she said, while refusing to be drawn on speculation that a new agreement on legal downloads of Beatles hits would follow.


Executives at the group's company, Apple Corps Ltd, and EMI, would now sit down and work out a new royalties deal to cover music downloads of their hit singles and albums by websites like iTunes, London's Daily Telegraph newspaper said.
Earlier this month, EMI chief executive Eric Nicoli told a news conference that the company was working on it, we hope it's soon.
A keenly-awaited possible internet release is likely to net millions for surviving members of the Fab Four and their relatives, and propel former Beatles' hits to the top of the download charts.


Paul McCartney, Ringo Starr and relatives of John Lennon and George Harrison had alleged that EMI underpaid 30 million pounds in record royalties on sales of Beatles' records between 1994 and 1999.
The band members were entitled to a percentage of the wholesale price of every record supplied by EMI to record outlets. But an alleged deficit was uncovered during an audit of Apple's accounts.


The claim related to every album recorded by The Beatles as a group and later as solo performers between 1963 and 1976, including Help!, Rubber Soul, Sergeant Pepper's Lonely Hearts Club Band and Abbey Road, as well as John Lennon's Imagine.
That prospect was first raised when The Beatles ended another high profile legal wrangle in February by ceding ownership of the famous apple logo to computer company, Apple Inc.

Read more on by www.playfuls.com. All rights reserved.
Keywords: The Beatles, John Lennon
Related news
Post comments
Name
Place
9 + 9 =
Comments