Lennon's son sells his share in father's songs · 2007-04-14 16:46
Julian Lennon has sold a “significant” stake of his share in the songs his father John wrote for The Beatles, the BBC informed.
John Lennon’s songwriting royalties passed to his family when he died, and Julian has sold a slice of these to US music publishing company Primary Wave.
The firm will now receive payments when Lennon’s compositions are sold on CD, performed live or played on the radio.
The catalogue includes classic tracks such as All You Need Is Love, Sgt Pepper’s Lonely Hearts Club Band and Lucy in the Sky with Diamonds, which was inspired by a picture Julian drew as a child.
The company, which will also market Julian Lennon’s new music project, declined to reveal how much the deal was worth.
Julian Lennon said: “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 endeavours.”
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