EMI and Beatles settle dispute

New agreement could allow EMI to sell Beatles songs online for the first time.

    Apple Corps is owned by Paul McCartney, Ringo Starr and John Lennon's and George Harrison's widows [AP]

    Eric Nicoli, EMI chief executive has already said the company was seeking to make the Beatles' catalogue available online.

     

    "We're working on it, we hope it's soon," he told a news conference last week.

     

    Dispute

     

    Apple Corps launched legal action against EMI Group in 2005 to recover what the band said was more than $60m, in unpaid royalties. EMI releases Beatles recordings under the Apple label.

     

    Founded in 1968 and still owned by Paul McCartney, Ringo Starr and the widows of John Lennon and George Harrison, Apple Corps is the guardian of The Beatles' interests.

     

    In February it settled a long-running trademark dispute with computer company Apple Inc. over the distinctive apple logo and name.

     

    The Beatles have consistently refused to license their songs for music download sites, despite the desire of EMI to do so.

     

    Apple Corps announced last Monday that Neil Aspinall, its chief executive and a friend of the Beatles for more than 40 years, was quitting.
     
    He was replaced by Jeff Jones, a former executive vice president at Sony BMG.

    SOURCE: Agencies


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