Photo Gallery: The Beatles
Photo: Pa Photos
John Lennon's son Julian Lennon has reportedly sold a financial stake in his late father’s legendary compositions for The Beatles.
The deal was made with Primary Wave Music Publishing, and will be officially announced today (April 13).
Reuters reports that the company paid an estimated $50 million last year for a 50 per cent stake in the publishing catalogue of Nirvana frontman Kurt Cobain, which it bought from his widow Courtney Love.
The sell-off relates to the songwriting income generated from The Beatles compositions, as opposed to the publishing rights, which are primarily owned by music giant Sony/ATV Music Publishing.
Meanwhile The Beatles settled a dispute with their record label yesterday (April 12) which could pave the way for their song to appear as legal downloads for the first time.
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