All parties involved in the so-called Beatles/iTunes deal have now all denied any talks taking place. Apple Inc. has flatly denied the rumors and have called them ‘unsubstantiated speculation’. A spokesman from Apple also commented ‘this is not news nor is it a scoop’. Enough said.
The Beatles’ label Apple Corps and parent company EMI have both refused to comment on the matter.
British newspapers brought this story to light over the weekend when they published the rumors.
The reported deal is rumored to be worth over $400 million. At that amount, Apple would have to sell around 41 million full Beatles albums to earn back that amount. That’s a lot of music.
To speculate (and I love to speculate), I’d still expect a deal to shakedown at some point in 2008. Even Sir Paul himself has commented that the Beatles’ catalog should be available sometime this year.
[via Billboard]
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TAGS: Beatles, Paul McCartney
