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Just days after several British
newspapers talked about an almost sure deal that was to make the Beatles discography
available on Apple’s iTunes Music Store, the names supposedly involved in the
deal started to deny the speculations, cataloguing them as false.
It isn’t for the first time that
such rumors have started to appear, but the British press seemed to be almost
certain about the validity of the news this time. That however was pure
speculation to Apple, whose representatives denied the story.
It was also the case of EMI
music label, whose representatives declared themselves unaware of any deal
putting the Beatles discography on iTunes. And if we think of it, even if
McCartney wants to close a deal with Apple, he is not the only one who should agree
to that.
Among others, Sony/ATV Music Publishing,
which is a joint venture between Michael Jackson and Sony with recording rights,
whose spokeswoman told CNET News.com
that the rumors were “untrue,” as they have certainly not been informed of such
a deal. EMI representatives were apparently just as amazed by the news.
However, the fact that the
rumors started in the first place could be connected to last year’s affirmations
of both Paul McCartney and George Harrison’s wife that the Beatles’ catalogue
could be released sometime in 2008.
From a financial point of view, some
rumors had it that Apple was willing to pay even $600 million for the
discography, which could also be a sign that the whole thing was blown out of
proportion, as Silicon
Alley Insider noted: considering Apple’s grosses of 33 cents per song sold,
the company would have to sell 1.8 billion Beatles songs to recover its investment… a little too much
compared to Apple’s total of 4 billion tracks sold in the past four years.
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