Patti Smith

Background information
Birth name	Patricia Lee Smith
Born	December 30, 1946
Born place	Chicago, Illinois, United States
Origin	New York City, New York, United States
Genre(s)	Alternative Rock Punk Rock Rock
Years active	1971—present
Label(s)	Arista Records Columbia Records
Associated acts	Tom Verlaine
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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