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JEREMY HOBSON: Apple has scheduled an announcement for this morning that the company says “you’ll never forget.” It’s being reported that Beatles music will finally be available for sale at Apple’s online music store, iTunes.
Marketplace’s Stacey Vanek Smith reports on why it’s taken so long for these two to — come together.
: Up until now, if you tried to buy “Hey Jude” or “Lucy in the Sky with Diamonds” on iTunes you had to buy versions from a Beatles cover band. But it looks like all roads — even Abbey road — eventually lead to iTunes. The world’s largest music retailer is expected to announce a deal with Beatles’ record label EMI to sell Beatles music on iTunes. Part of the reason EMI hasn’t offered Beatles music online is that it didn’t have to. CD sales are far more profitable for record labels than digital music sales. Last year, the Beatles had the third best-selling album in the US. Billboard’s Mark Sutherland says this deal isn’t entirely about money.
MARK SUTHERLAND: I think for a band like the Beatles that still sell a lot of albums, this is about being relevant. For a lot of younger people, this is how they buy their music, this is how they listen to their music.
The band and the brand have also had a long, litigious history. The Beatles sued Apple back in 1978 over the computer-maker’s logo and name.
I’m Stacey Vanek Smith for Marketplace.
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