Beatle’s son sells share of his legacy
Julian Lennon sold a share of his financial stake in Beatles songs co-written by his late father to a New York music publishing firm in a deal announced Friday that will help with his next music project.
Financial terms were not disclosed, but Primary Wave Music Publishing said its acquisition represented a significant share of Julian Lennon’s economic interest in the songs.
“I felt it was the appropriate time to take on a partner for both my interest in my father’s legendary music and for my future music endeavors,” Julian Lennon, 44, said in a statement.
The deal does not apply to any of John Lennon’s solo compositions.
Primary Wave’s deal essentially gives the firm a cut of Julian Lennon’s share of the royalties. In exchange, it will help the singer market his next album.
From the Associated Press
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