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Old 05-03-2005, 07:36 PM  
JFK
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Join Date: Jan 2002
Location: FUBARLAND
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Quote:
Originally Posted by KRL
He still owns the Beatles catalog in partners with Sony. Sony is supposed to be doing a deal where they'll buy out a chunk of his shares and he'll still make $10 Mil a year off of it and get a lump sump of about $150 Mil to pay down his Bank of America loan and his legal fees.
So basically he will lose control of the Beatles song book. He already sold the portion that Sony owns a few years ago just to keep up with the bills As far as subdividing Neverland I think there is an enviromental issue there.
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