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.
Paul McCartney, Ringo Starr Sue EMI
Paul McCartney, Ringo Starr Sue EMI
“We can't solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein
"You do not really understand something unless you can explain it to your grandmother" - Albert Einstein
"You do not really understand something unless you can explain it to your grandmother" - Albert Einstein
Two observations:
It looks like Neil Aspinall has had a pretty good gig all these years.
I hope they get whats owed. I know that I got screwed on my first record contract. Even though what was owed me was a paltry sum by comparison.
That sort of thing was pretty much par for the course back then. Almost all record companies took advantage of the corrupt system as well as the artist. Some with reckless abandon.
It looks like Neil Aspinall has had a pretty good gig all these years.
I hope they get whats owed. I know that I got screwed on my first record contract. Even though what was owed me was a paltry sum by comparison.
That sort of thing was pretty much par for the course back then. Almost all record companies took advantage of the corrupt system as well as the artist. Some with reckless abandon.
“We can't solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein
"You do not really understand something unless you can explain it to your grandmother" - Albert Einstein
"You do not really understand something unless you can explain it to your grandmother" - Albert Einstein
A little more on the story.........
http://www.cnn.com/2005/SHOWBIZ/Music/12/16/beatles.emi.reut/index.html
http://www.cnn.com/2005/SHOWBIZ/Music/12/16/beatles.emi.reut/index.html
"Department of Redundancy Department"