04/12/2007, 9:05am, EDT
Thursday, April 12th
Beatles, EMI settle royalty dispute
Apple Corps, which settled with settled with Cupertino-based Apple earlier this year over the use of the Apple brand name, is owned by Paul McCartney, Ringo Starr and the families of John Lennon and George Harrison. Apple Corps had threatened to sue EMI in December 2005 after negotiations broke down over royalty payments from its music contract, the report said.
"We have settled on mutually acceptable terms and there will be no further comment," a spokeswoman for EMI told Reuters. A spokeswoman for Apple Corps said the deal had been agreed last month but would not give any further details.
The report notes that Apple and EMI previously fought a separate, decade-long courtroom battle over royalties and other issues which was resolved out of court in 1989.
Filed under: industry
Other story tags: digital music/video
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The Beatles may not be "of the moment" but when they arrive on the iTunes Store you can expect them to show up on the bestsellers list.
You would be correct.