FYI, when the Beatles first started recording, Brian Epstein really didn't know much about managing a band - if anything at all. The deal he negotiated was for each Beatle to receive ONE CENT for every record they sold! Over the years, and several accountants later, it has been found that even that one cent was often not delivered!
This is not greed on behalf of the Beatles; the greed is in EMI's handling of one of (if not THE) greatest, innovative bands in history!
Paul McCartney, Ringo Starr Sue EMI
LONDON (AP) - Paul McCartney, Ringo Starr and relatives of their Beatles' bandmates are suing EMI to recover what they claim is more than $53 million in unpaid royalties, their company said Friday.
McCartney, Starr and relatives of John Lennon and George Harrison are pursuing the case both in New York and London.
"We have tried to reach a settlement through good faith negotiations and regret that our efforts have been in vain," said Neil Aspinall, who heads Apple Corps Ltd.
"Despite very clear provisions in our contracts, EMI persists in ignoring their obligations and duty to account fairly and with transparency," Aspinall said.
EMI declined to comment on the case.
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