Friday, January 7, 2011

Details on The Beatles' iTunes deal?

Via Paste:

Reuters is reporting that the Beatles are being paid directly by iTunes for digital download royalties with songwriting mechanical royalties being paid directly to Sony/ATV Music Publishing, which controls most of the Beatles song catalog, according to industry sources.

If this is the case, the deal functionally acts as a licensing agreement as opposed to a standard digital retail sale, which would split royalties between the Beatles and Sony/ATV Music, significantly more lucrative than the traditional 20-25% “superstar” rate.

No comments: