Apple Corps settles royalty disputes with EMI

Apple Corps settles royalty disputes with EMI

EMI recently became the first music company to offer DRM free music online in collaboration with Apple Inc. EMI is now offering their music and video content on iTunes without DRM.

EMI has now revealed that they have settled their royalties dispute with the Beatles’ Apple Corps. Market analysts believe that this could possibility bring the Beatles’ music online.

Apple Corps and EMI said in a joint statement: “It was settled on mutually acceptable terms last month.” They did not disclose much about their settlement.

Apple Corps had sued EMI in 2005 as they tried to recover what the band said was more than 30 million pounds in unpaid royalties.

Beatles have been against selling of their music on the digital media stores and they have also been in legal confrontations with Apple Inc. over the distinctive apple logo and name.