“Apple Computer Inc., which on May 8 won a trademark dispute with the Beatles over its iTunes music store, said it wants to get rights to sell the digital version of the band’s songs through the online service. ‘We certainly will do everything we can to get them on iTunes,’ Eddy Cue, Apple’s vice president of iTunes, said in an interview yesterday. ‘The Beatles aren’t available in any digital format today but they are going to be one day. We certainly hope that happens on iTunes,'” Bloomberg reports.

“Apple Corps Ltd., which represents the Fab Four’s business interests and is owned by Paul McCartney, Ringo Starr, John Lennon’s widow Yoko Ono and the estate of George Harrison, is remastering the entire Beatles catalog to make the songs available for downloading for the first time, Apple Corps’s managing director Neil Aspinall told a London court last month,” Bloomberg reports. “An agreement between Apple Corps and Cupertino, California- based Apple makes financial sense, say analysts. Moira Bellas, a spokeswoman for Apple Corps in London, said today she couldn’t immediately comment.”

“Opened by Apple Chief Executive Officer Steve Jobs in April 2003, iTunes is the most popular Web site for digital downloads. The service has a catalog of more than 3 million titles, operates in 21 countries and has sold more than 1 billion songs at 99 cents each. The service has more than a 70 percent share of the market for music downloads, NPD said,” Bloomberg reports. “‘There’s a huge gold mine in the Beatles catalog,’ said Russ Crupnick, a music industry analyst at NPD. ‘There are tens of millions of people who have never bought anything from a digital store, and when they do the tendency is overwhelming to buy it from Apple Computer. When you think about a premier artist like the Beatles, it may drag some of those other people to buy.'”

Full article here.

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