Andre Yoskowitz
12 Apr 2007 21:15
Yesterday, the Beatles and the music giant EMI agreed to finally settle their dispute over royalties the band believed were owed to them.
This move has fans hoping now that the Beatles catalogue will become available on iTunes.
The dispute dates back to 2005 when the living Beatles and the widows of the deceased Beatles sued EMI claiming that they were owed $60 million USD in missing royalties from sales dating between 1994 and 1999.
Although the terms of the settlement were not disclosed, an EMI spokesperson confirmed the settlement, "I can confirm that we have reached a mutually acceptable settlement and that we are not going to say anything more than that."
We hope that with this hurdle jumped, the Beatles music can finally move legally into the 21st century.
Source:
MP3.com