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:
Post a Comment