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MTV: Beatles: Rock Band royalty rates "not even comparable" to previous ventures

News by Nathan Grayson Contributor
Published on

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Rhythm game sales may be down 46% in the US, but that hasn't stopped MTV from shelling out mad money to bring in some overseas assistance. According to sources close to MTV's deal with Beatles rights holders, MTV's paying a minimum of $10 million and an expected $40 million in royalty fees to give the British sensations a virtual makeover.

"The royalty rates on this are not even comparable to anything that has been done before," said chairman of Sony/ATV Music Publishing Martin Bandier to The LA Times.

No kidding, Martin. More through the link.

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