Beatles Catalog iTunes deal done: Sir Paul McCartney earns $400 Million

For what seems like a lifetime, Apple has now signed a deal with Sir Paul McCartney so that the entire Beatles back catalog will be available for download on iTunes. The deal has earned McCartney $400 million in the deal.

Sir Paul will get the biggest chunk of the share from this deal; however a small percentage will go to former Beatle Ringo Starr. The families of both George Harrison and John Lennon will also receive a share. Even EMI, Sony and cash strapped Michael Jackson will get a share of the iTunes deal.

It is not yet confirmed when the Beatles albums will be available for download on Apple iTunes.

Source – UPI