Primary Wave Buys Stake In Beatles Songwriting Royalties
Primary Wave Music Publishing, a relatively new New York, USA based company, has bought a major stake in the songwriting income of John Lennon from his oldest son Julian. Financial terms were not disclosed, but Primary Wave reportedly last year paid $50 million for 50% of the publishing catalog of late Nirvana frontman Kurt Cobain. However, the deal with the 44 year-old Julian Lennon does not cover publishing rights. Rather it will...
The Beatles’ Apple Corps And EMI Settle Royalty Dispute
Apple Corps., the company representing The Beatles, has settled a £30 million / $59 million royalty dispute with EMI Group. Apple Corps, the company owned by Paul McCartney, Ringo Starr and the families of John Lennon and George Harrison, said in December 2005 it would sue the record company after negotiations broke down when an audit determined EMI had not been fulfilling the terms of its contract. The settlement could finally...
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