The Beatles: Still Profitable

Back when the Beatles set up Apple Corps in 1967, it was a financial disaster. However, the descendent of that ill-conceived venture is doing very well, thank you.

According to the latest figures, Paul McCartney, Ringo Starr, Yoko Ono and Olivia Harrison each received $3.3 million CAD in dividents, $3.1 million in promotional activity fees and $1.9 million in name and likeness payments.  And this has nothing to do with music sales or music licensing.

Expect these numbers to go up because Apple Corps has a new licensing deal with Universal Music Group that will see a new line of Beatles merch introduced very soon.  That brings in up to $20 million a year.

It must gall the Beatles people that Elvis Presley’s estate brought in $55 million last year. Surely they should be able to do better…

(Via Music Week)

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

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