Beatles, EMI settle royalty suit
EmptyApple Corps, the Beatles' publishing company, has settled its £30 million ($59.2 million) royalties dispute with EMI, the music major said Thursday, removing another hurdle to making the group's catalog available for legal download (HR 4/13).
EMI declined to disclose details of the settlement, which it said was struck in March.
The writ alleged unpaid royalties on Beatles albums based on an audit of sales between 1994 and 1999, a period that included the release of three "Anthology" compilations.
The settlement between Apple Corps and EMI, the band's label, follows a deal struck in February between Apple Corps and Apple Inc. over the use of the Apple name.