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Daily Mail: The Beatles 'raked in a eye-watering £50 MILLION in 2019'

Source: https://www.dailymail.co.uk/tvshowbiz/article-8919783/The-Beatles-raked-whopping-50-MILLION-2019.html


By NICK FERRIS FOR MAILONLINE


They may have released their last album in 1970, but The Beatles are still making vast amounts of money every year.


In 2019, the band brought in an eye-watering £50 million - equivalent to a million pounds for each year that the band has not been releasing music.


According to the Mirror, company accounts filed to Apple Records Limited for the year until January show that the band made £50,244,899 over a year. 



Raking it in: In 2019, The Beatles earned an eye-watering £50 million - despite not releasing any music since 1970


That figure amounts to the equivalent of £137,657 made by the company per day, which was set up in 1968 by the band to run its business interests. 


The company – which doesn't even own the Beatles back catalogue of songs - then reportedly paid £6.1million each to Sir Paul McCartney, Ringo Starr, John Lennon's widow Yoko Ono and George Harrison's widow Olivia. 


John Lennon was murdered in 1980 while George Harrison died from lung cancer in 2001. 

This figure was made up of £1,417,000 in dividends and £4,719,500 in 'connection with the provision of promotional services and name and likeness rights'.  


From beyond the grave: John Lennon and George Harrison both also continue to earn huge amounts, despite no longer being alive.


The Beatles are the best-selling recording artists of all time, selling an incredible 1.6 billion singles in the US alone. 


Lead song writers Paul McCartney and John Lennon have each written a total of 32 and 26 number one hits respectively.   


Representatives for Paul, Ringo and Yoko Ono were approached by MailOnline for comment.   


Apple Corps – which had a long dispute over its name with Apple computers - also made a pre-tax profit of £8,606,191 for the year January. 


The company's joint venture with Cirque du Soleil, which manifested in the theatrical production Love in Las Vegas, is responsible for a large portion of that income. 

In the previous year, turnover was only £36.5m with a pre-tax profit £5.5m – and band-members' shares were worth £3,685,000.    


According to the Sunday Times Rich List, Paul is worth £800m. 


This comes during an eventful year for the surviving two Beatles Paul and Ringo.

Paul, 78, was supposed to headline Glastonbury Festival's 50th anniversary in June, before the event was cancelled amidst the ongoing Covid-19 pandemic.

Meanwhile, Ringo celebrated in his 80th birthday back in July. 

The icon took the time to visit his Peace and Love sculpture in Beverly Hills, California, to mark the milestone day.


Posing in front of the statue while flashing peace signs of their own, Ringo and Barbara made sure to put safety first as they both wore masks amid the coronavirus pandemic.


The ever-youthful drummer kept it casual as he wore a black t-shirt that had his face printed on the front in a peace and love logo, and finished off the look with a simple jacket and black-and-white jogging bottoms.


Celebrating the big day, Ringo's fellow Beatles member Sir Paul McCartney took to Instagram to wish him well as he wrote: 'Happy birthday SIR RICHARD alias RINGO. Have a great day my long time buddy! - Paul.'


Paul then took part in a virtual concert with a plethora of other famous faces to mark his fellow Liverpudlian bandmate's 80th birthday. 


Other stars that appeared at Big Birthday Show will include Sheryl Crow, Gary Clark, Jr., Sheila E, and Ben Harper, while tribute performances will come from Steve Earle, Peter Frampton and Judy Collins.  


Speaking to Rolling Stone, Ringo explained: 'I love birthdays. This year is going to be a little different... We’re putting this show together – an hour of music and chat. It’s quite a big birthday.'



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