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I'm surprised no one has used this as a headline in a commentary piece.
Regardless, it would really be pretty good, even from the financial standpoint of a company that doesn't need money, to let this kind of legal battle go. The judge has ruled and, even if another judge overturns it at the appeal (highly unlikely) then Apple Computer would appeal the appeal, right? What's the point at this, um, point?
Best thing they could do is make nice with each other. The iTMS, though they may eschew it, would be an excellent sales outlet for the Beatles catalog (and beyond).
FWIW; currently playing: "All Things Must Pass", George Harrison.
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Really.
The appeals court route is a Long and Winding Road.
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uh-oh
I feel a Sgt Pepper's threadjack plot-line coming on...
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They didn't take the "We Can Work It Out" advice, either.
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"I've got no time, leave me alone, don't bother me."
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Scenario: Apple Computer buys the Beatles catalog from Michael Jackson (see
http://en.wikipedia.org/wiki/Michael_jackson ) and gives it to Apple Corps as a gesture of goodwill.
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How about Apple buys the catalog from Jackson and sells them all on iTunes and makes millions. Then as Apple corps realizes they made a mistake, slam the door on them and don't let them list their music on iTunes at all.
That sounds much better.
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It doesn't matter who owns the catalog. Only AppleCorps has control over BEATLES performances. Beatles and EMI for distribution rights.
Also - at this point Sony owns the majority stake in the catalog, and JackAss is trying to negotiate with them to sell the remaining percentage to get cash back in his pocket.
The current TOTAL value of the catalog is such that AppleCorps will never buy it.
The flipside of the value is .... that it is only VALUABLE, when AppleCorp gives permission to use BEATLES performances of the music. Most people simply turn off to commercial use of the songs WITHOUT an original performance. That's why its advertising value is so low at this point. The value of the catalog is the money that is split between the catalog owner and the performers. That's radio play royalties worldwide, and recording sales.
Current value is ~$1 billion, last I read - which was a few years ago, when JackAss was putting part of the catalog up as collateral to record that last CD - which cost $100mm to record - to record 80 songs (for a CD that would hold.... what? 18 tracks?)
It might have broke even. I don't keep track of Mr. Monkey Molester sales - but Mr. McCartney has only himself to blame - he is well known for being very frugal to his own detriment, and he got outbid by $15 mm (he and Yoko) - $48mm to $32mm on the part of Paul/Yoko.
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Once in a great while, Jimmypoo knows what he's talking about.
Although he has a bit too much knowledge of Jacko's recent machinations...
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like i said before -- i think its all greed
mccartney is worth a billion dollars himself, but apparently thats not enough
