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The Beatles finally coming to iTunes?
Posted by: Tweaker
Date added: 08:57, 17th April 2007 GMT
Source: vnunet
It would appear that the final obstacle to get The Beatles music on iTunes, and other services, has finally been overcome. Apple Corps, which is owned by Paul McCartney, Ringo Starr and the widows of John Lennon and George Harrison, has finally settled a £30m royalty dispute with EMI Group. The company began legal proceedings against EMI in December 2005, claiming that EMI owed more than £30m in unpaid royalties from sales between 1994 and 1999.
Details of the settlement have not been disclosed, but EMI and Apple Corps said in a joint statement that they "settled last month on mutually acceptable terms". Apple Corps can now negotiate a new royalties deal with EMI to cater for online music downloads. Eric Nicoli, chief executive at EMI, said that the company is working on a timeframe for when The Beatles albums will be available online.
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