Sir Paul online for £200m boost - Showbiz - Evening Standard
       

Sir Paul online for £200m boost

Paul McCartney could boost his fortune by £200million when the entire Beatles back catalogue is released over the Internet.

Industry experts predict that Beatles tracks could fill the top end of the album and singles charts for months after they are made available on the web music store iTunes in the coming months.

The deal between the band's musical guardian Apple Corp, iTunes and EMI, which owns the recording rights, was first revealed by the Daily Mail on Wednesday.

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The Beatles' back catalogue will be available online after a £30m royalties deal

The vast catalogue of Beatles hits has so far been barred from legal download sites at the surviving band members' insistence, despite protests from EMI.

Once the downloads begin, Sir Paul and John Lennon's widow Yoko Ono will take the lion's share of royalties as they hold most of the writing credits.

A source close to Sir Paul said: 'That might just be a few per cent, but on a billion pounds of sales, that is hundreds of millions for the likes of Paul and Yoko.

'The release of the back catalogue though iTunes will be the most extraordinary money-spinner. We are talking perhaps 14 remastered albums and numerous opportunities to release singles.'

The Mail can also reveal that Sir Paul and the theatre impresario Sally Green are in talks to bring a Beatles musical to the West End - which would further increase his £825million fortune.

The couple have had several meetings in London and at his Peasmarsh estate.

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