EMI and The Beatles settle royalty dispute; deal could pave the way for Beatles to join 21st century
Thursday, April 12, 2007 - 09:28 AM EDT
"The company representing The Beatles has settled a 30 million-pound ($59 million) royalty dispute with EMI Group, in a deal that could finally pave the way for the Liverpool band's music to go online," Kate Holton reports for Reuters.
"The announcement follows the settlement in February of another legal dispute -- a trademark disagreement between Apple Corps and computer and iPod company Apple Inc. which was also seen as key to putting the group's music online," Holton reports.
Holton reports, "The Beatles have been one of the last big acts to hold out from putting their music on the Internet."
"EMI's Chief Executive Eric Nicoli told reporters earlier this month he was working on a deal to put the band's music online but refused to give a time frame," Holton reports.
Full article here.
[Thanks to MacDailyNews Reader "Adam W." for the heads up.]
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At the risk of being branded a heretic: Does anyone even care anymore??