Finally, the Beatles will be on iTunes.
British singer Paul McCartney has reached a $400 million agreement with iTunes for the distribution of the Beatles’ back catalog.
The former Beatles star, who is currently mired in a bitter divorce, officially sanctioned the Internet download service to offer the band’s musical hits from albums such as “Sergeant Pepper’s Lonely Hearts Club Band,” the Daily Mail said Saturday.
McCartney will not be the only one enjoying the profitable deal. Former Beatles drummer Ringo Starr will receive a portion of the profits, as will the families of late Beatles stars George Harrison and John Lennon.
Portions of the multimillion-dollar payout also will go to pop singer Michael Jackson, along with the EMI and Sony recording groups, who each own certain Beatles recording or publishing rights.
This is long overdue and will either be a huge success or a general meh. Since it’s been proven that American Idol does move music sales, I expect whatever songs the hopefulls sing will mean cha-ching on the iTunes website.
Still, $400 million is just such an astronomical number. The Daily Mail mentions the sum might be part and parcel to the divorce agreement. I don’t remember what the last offer was for Ms. Mills, but it was something utterly ridiculous and she turned it down, which of course, did not make her any friends in Britain or elsewhere.
I’m also reminded of a question a few years ago that was asked of President Bush. Someone asked him what was on his iPod and the Prez answered with the Beatles among other artists. I was shocked and amazed the President had illegal mp3s on his iPod. To date, the MPAA has done nothing to stop this criminal. He should be fined or something…
Wait… don’t look at my iPod…