Reports: Apple close to a deal for Beatles catalog

Reports: Apple close to a deal for Beatles catalog

Summary: Reports in several British newspapers say that former Beatle Paul McCartney has given his approval to make the Fab Four's song catalog available on Apple's iTunes in the coming months according to CNet's News.com blog.

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Reports in several British newspapers say that former Beatle Paul McCartney has given his approval to make the Fab Four's song catalog available on Apple's iTunes in the coming months according to CNet's News.com blog. Britain's Telegraph reports that the deal could be worth $600 million.

A spokesman for Apple Corps, the Beatles record label, would not confirm when the records would be available online and said: "The date has not yet been set."

The Telegraph also noted that the timing of the deal is somewhat suspect, subtley inferring that McCartney could use the money:

Sir Paul, 65, is currently involved in a divorce settlement with his estranged wife Lady McCartney and the final hearing, expected in 10 days time, could see him paying her up to £30 million in a cash settlement.

Apple has (so far) declined to comment.

Topics: Apple, Enterprise Software, Legal

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4 comments
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  • Can't Michael Jackson keep it?

    Or is the ex wantin' more money?
    HypnoToad
    • He doesn't have any say.

      Even if he still owns it (he used his ownership as collateral on
      money he owes Sony), he only owned the [i]publishing[/i]
      rights, which have little power over the use of the songs.
      msalzberg
  • The Beatles have already missed out

    They could have been on iTunes a long
    time ago and been receiving their
    monthly royalties. They simply failed to
    follow the money, which is a shame for
    them and the customers who would
    have liked to have purchased their
    music via iTunes.
    Ken_z
    • I don't agree.

      The Beatles' catalog has always been managed
      conservatively. In keeping it under tight control, Apple
      Corps has kept demand high. High enough, in fact, that
      they released a CD in 2000, "1," that became the best
      selling album of 2001, even though we already had all of
      the songs available on other CDs.

      They have just begun to allow their music (not their
      recordings, but covers) to be used in commercials.

      With the Cirque Du Soleil show, "Love," they're taking in
      even more money. Rumor is, McCartney pays something
      like $20,000 in taxes [i]a day[/i].

      Not bad for a band that broke up 38 years ago.
      msalzberg