The Beatles Battle for $62-Million Royalties

Celebrity

The Beatles have sued record company EMI Group PLC, claiming that they are owed £30-million ($62-million) in royalties after negotiations broke down

December 19, 2005

AceShowbiz -

Popular music group The Beatles is battling for over $62-million in disputed royalties, which they claim EMI Group PLC owed them. Apple Records, owned by Paul McCartney, Ringo Starr and the estates of John Lennon and George Harrison, said Dec 16 to have filed legal suit in the high court and the US supreme court to get back the money.

Speaking on the cause of the legal battle, Apple said in a statement "Despite very clear provisions in our contract, EMI persist in ignoring their obligations and duty to account fairly and with transparency. Apple and The Beatles are, once again, left with no choice but to sue EMI."

Editors' Pick

On the other way around, an EMI spokeswoman said "Artists do sometimes request an audit of their record label's accounts, that's not unusual, but sometimes there are differences of opinion, especially when the contracts are large and complex, when you can get issues of contractual interpretation."

About This Article

AI-Assisted Content: This article was created with the assistance of artificial intelligence technology under human editorial oversight. Our editorial team reviews and verifies all AI-generated content for accuracy.

Sources: Information in this article may be aggregated from publicly available sources including press releases, news agencies, and entertainment industry sources. We provide attribution where applicable and strive to ensure factual accuracy.

Learn More: For details about our editorial standards and practices, visit our Editorial Standards page.

Contact: Questions or concerns? Email us at [email protected]

Follow AceShowbiz.com @ Google News