Beatles Catalog iTunes deal done: Sir Paul McCartney earns $400 Million
Filed under: Music, News | By: Peter Chubb
Posted on: March 10, 2008 | 2 Comments
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
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Who’s Paul McCartney, anyway?
Probably so he could pay for his divorce settlement.