Word: nemperor
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Dates: during 1960-1969
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...Nemperor Holdings, the successor to Epstein's Nems Enterprises, was sold by his family in February to London's Triumph Investment Trust. Nemperor collects all the fees for the Beatles' record, stage and film performances, then takes a 25% cut and splits the rest between the Beatles and their companies...
Since Epstein was dead, the Beatles reasoned, why not reverse the sequence of payment? When they proposed to take in the gross themselves and disburse Nemperor's 25%, Triumph went to court. Until the fight is settled, Electrical and Musical Industries, Ltd., which produces and markets the Beatle recordings in Britain through the Apple label, has frozen all royalties. The total tied up is now about...
...lost control of Northern Songs when a consortium of financial companies added their 14% to Associated's holdings and made a deal in which it will name four of the six directors. Britain's High Court will decide next month on who should pay whom in the Nemperor case. As for Apple, it is too soon to see whether Klein's pruning will produce profits...
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