The Best Things In Life May Be Free, But It Cost $400 Million To Get The Beatles On iTunes

Update: CNET is reporting that this may be inaccurate – “A spokeswoman for Sony/ATV Music Publishing told CNET that the reports are “untrue.””

money2.jpgThe best things in life are free
But you can keep them for the birds and bees
Now give me money
That’s what I want
That’s what I want, yeah
That’s what I want…

Paul McCartney has signed a $400 million deal with Apple for the distribution of the entire Beatles’ back catalog on iTunes. Under the deal, the money will be distributed to Ringo Starr, the families of George Harrison and John Lennon, Michael Jackson, EMI and Sony, along with McCartney getting his share as well.

The deal finally finishes Steve Job’s quest for the Holy Grail of music downloads.

(via CrunchGear)