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EMI and Beatles settle royalty dispute
The company representing The Beatles has settled a 30 million-pound ($59 million) royalty dispute with EMI Group, in a deal that could finally pave the way for the Liverpool band’s music to go online. 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. Apple Corps said an audit had determined EMI had not been fulfilling the terms of its contract. “We have settled on mutually acceptable terms and there will be no further comment,” a spokeswoman… Read more »