Julian Lennon sells of his stake in The Beatles.

A chapter may be closing for Julian Lennon, just as the honchos at Apple are starting a new one.  It looks like Julian has sold off all of his stake in The Beatles catalog.  It seems weird that he would do this now with all of the upcoming activity that is supposed to be happening with The Fab Four and their music, but I guess we all have our reasons now don’t we. 

Here’s what we’ve read.

John Lennon’s son Julian Lennon has reportedly sold a financial stake in his late father’s legendary compositions for The Beatles.

The deal was made with Primary Wave Music Publishing, and will be officially announced today (April 13).

Reuters reports that the company paid an estimated $50 million last year for a 50 per cent stake in the publishing catalogue of Nirvana frontmanKurt Cobain, which it bought from his widow Courtney Love.

The sell-off relates to the songwriting income generated from The Beatles compositions, as opposed to the publishing rights, which are primarily owned by music giant Sony/ATV Music Publishing.

Meanwhile The Beatles’ settled a dispute with their record label yesterday (April 12) which could pave the way for their song to appear as legal downloads for the first time.

Source: NME

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