McCartney Signs Deal with iTunes

McCartney Signs Deal with iTunes

If nothing else, it appears that the contentious divorce between Paul McCartney and Heather Mills has led to one good result - well, not for either of them, but for music fans. McCartney has authorized the release of the Beatles' back catalog on iTunes in a deal that is valued at $400 million.

The deal has been much delayed. But industry insiders say that by the end of the year fans using iTunes will be able to buy songs from albums such as Help! and Sergeant Pepper's Lonely Hearts Club Band.

Although the Beatles last recorded together almost 40 years ago, the deal will provide huge rewards - estimated at £200million - to Sir Paul, Ringo Starr and the families of John Lennon and George Harrison.

As a result of various deals done in the past, EMI, Sony and Michael Jackson own recording or publishing rights to Beatles' songs so will get some of the cash. It is not clear what portion will go to 65-year-old Sir Paul.

Ironically, according to the Dail Mail, it's possible that Mills may up her demands for financial compensation, somewhat of a pyrrhic result.

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Ironically, according to the Dail Mail, it's possible that Mills may up her demands for financial compensation, somewhat of a pyrrhic result

I hate selfish people -- your marriage ends thats fine, you are upset. If you are solely reliant on your spouse to live then you should be entitled to what you need to stay on your feet -- NO more. After all, divorce is supposed to be about moving on in life....not "a day at the office" to make $$$. It seems most people that enter a marriage that has one primary bread-maker seem to go this way. The bread-maker than subsequently gets screwed for doing nothing other than knowing how to make a living. It's not right IMO

It is a pretty big lump o' cash though -- hopefully the actual musicians/families will get most compensation but sadly I am sure most will go to record companies Sad

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