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Reports: iTunes to get Beatles records

Paul McCartney: "It's happening soon"

Major media outlets are claiming that Beatle Sir Paul McCartney has made £200m through licensing the band's tracks to an online retailer.

However, McCartney isn't the only rights-holder who has to agree the move. And Apple (not the computer company), which manages the band's legacy and has the surviving Beatles and the families of George Harrison and John Lennon on its board, last week dismissed the claims as "rumour and speculation".

Despite the confusion, expectation remains high, with Ladbrokes predicting 'Yesterday' will be the next number-one from the band, and analysts predicting music from the band will storm international sales charts.

EMI is understood to be keen to make the moment happen, while McCartney has described the deal as all but done, though he hasn't confirmed a date for the release.

"It's all happening soon," he said. "The whole thing is primed, ready to go."

Music industry analysis firm, MusicAlly, predicts music from the band will be made available first exclusively through iTunes, possibly accompanied by a special edition 'Yellow Submarine' iPod.

OPINION: Five reasons The Beatles aren't headed for iTunes

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