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Prepare for chart chaos...

After years of negotiation, reports are emerging today that Paul McCartney has agreed a whopping $400m deal to bring the Beatles' back catalogue to iTunes. McCartney and the remaining band members along with EMI, Sony and (bizarrely) Michael Jackson will be the main beneficiaries of this wad since all own shares of the Beatles' works.

An official announcement has yet to be made, but i's are apparently dotted and t's crossed and all we are awaiting now are availability and pricing. Despite these formalities, bookmakers are already jostling to get in on the action with Ladbrokes currently offering odds of 3-1 on 'Yesterday' hitting the number one slot upon release while I suspect Sgt Pepper's may do rather well in the albums' chart (though Revolver was always better!).

In all fairness, the deal has been coming for a while. In November last year McCartney said an agreement was close stating: "It's down to fine-tuning, but I'm pretty sure it'll be happening next year, 2008." Pretty definitive stuff.

Expect Beatle-mania to once again descend off the back of this and kids' spelling to degenerate even further...

Update: Minority Beatles copyright holder Sony/ATV Music Publishing has claimed a deal cannot be close as it has yet to be informed of an agreement between major players. So the little guy has been ignored, I wouldn't call that rock solid proof a deal isn't imminent...

Link:
iTunes
Beatles Official Site

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