“After years of litigation and ill will, it took two men just a couple of hours to hammer out the basic terms that would finally bring the Beatles’ music to the iTunes Store,” Ethan Smith reports for The Wall Street Journal.
“The deal was outlined by Jeff Jones, chief executive of the Beatles’ corporate entity, Apple Corps Ltd., and Roger Faxon, CEO of EMI Group Ltd., which owns and distributes the band’s recordings,” Smith reports. “The meeting took place at the EMI’s London headquarters this past July 14, less than a month after Mr. Faxon took the reins at EMI.
Smith reports, “Under the terms, Apple Inc.’s digital media store is the Beatles’ exclusive online retailer at least until January, Mr. Faxon said in an interview Tuesday, after the much-awaited deal was announced. It marks the first time that Beatles songs have been available for digital-download sales.”
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