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The Beatles 50 Years Ago Today: February 24, 1969

Nemperor Holdings is sold to Triumph Investment Trust. Triumph will now collect Brian Epstein's 25 percent of The Beatles' performance royalties. The Beatles, claiming that they are no longer represented by NEMS, instruct EMI to pay all royalties directly to Apple Corps, not to Triumph. Triumph files suit, freezing 1.3 million pounds in royalties due to be paid by EMI to The Beatles. The money cannot be disbursed until the lawsuit is resolved.

 

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