Emi To Block Beatles Action
LATEST: Record label EMI is preparing to appeal against a new ruling which allows former proteges THE Beatles to sue it for over GBP10.5 million ($19 million) in alleged lost earnings. EMI claimed yesterday (31AUG06) it is "likely" to attempt to block proceedings in the United States. The band, including the estate of George Harrison and John Lennon's widow Yoko Ono, was granted on Wednesday (30AUG06) the right to sue its former label in the US arm of litigation by a judge at the New York State Supreme Court. The ABBEY ROAD stars intend, on top of attempting to win back their money, to claim a further GBP13 million ($24.5 million) in damages. They will also try to reclaim the rights to the master tapes of their catalogue. EMI has previously requested the case be thrown out, but its appeal was denied. The battle between The Beatles and EMI has been raging since 1979, when the band and its company Apple Corp first accused the label of underpaying them. A settlement was reached in 1989, granting increased royalty rates, but a recent audit has revealed the deal was fraudulent. According to the band, EMI and Capitol falsely classified many copies of Beatles recordings as destroyed or damaged, before selling them in secret. An EMI spokeswoman says, "Artists from time to time seek audits on their accounts. "We are not unhappy with that and are happy to have full financial transparency. There are sometimes differences of opinion, especially when contracts are so complex and there may be issues of contractual interpretation. In these situations the parties may resort to the courts or mediation."