Elvis Costello

Background information
Birth name	Declan Patrick MacManus
Born	August 25, 1954
Born place	Paddington, London, England
Genre(s)	Pub Rock New Wave
Years active	1970—present
Label(s)	Island Records Columbia Records Mercury Records Lost Highway Records Verve Records Deutsche Grammophon Hip-O Records Stiff Records
Associated acts	Diana Krall Burt Bacharach Brodsky Quartet
Website	Website

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iTunes 'Paying The Beatles Direct Royalties'

January 6, 2011

iTunes is paying The Beatles' royalties from digital downloads directly to the band's company, Apple Corps, it's been reported.

The band's back-catalogue made its long-expected debut on iTunes in November last year.

The potentially ground-breaking agreement means The Beatles royalty split could be more than for regular artists who sell their music online.

Normally, a record label distributes royalists to artists and publishers after collecting the wholesale revenue from retailers. The typical figure for a major artist is 20%-25%.

But, according to Reuters, the Beatles record label EMI may be treating the iTunes deal as a licensing pact, which means the revenue split would be more lucrative.

Spokespeople for EMI and Apple Corps refused to comment on the report.

(by Jason Gregory)

iTunes 'Paying The Beatles Direct Royalties'

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