Owners of Beatles Rights Could Net $40 Million in Beatles: Rock Band Royalties
September 1st, 2009
The people who own the rights to the Beatles are about to make some good cash off The Beatles: Rock Band.
It is said that they have a minimum payment of 10 Million with a Max payment set at 40 Million. The people on the recieving end of that cash include Apple Corps, recordings owner EMI, and catalog publishing rights owner Sony/ATV Music Publishing (a joint venture between Michael Jackson’s estate and Sony Corp).
“The royalty rates on this are not even comparable to anything that has been done before,” Sony/ATV Music Publishing chairman Martin Bandier told the LA Times.
Looks like they are getting a pretty damn good deal.
[via Gamasutra]
