Apple and Beatles Label EMI Plan Announcement
Big things are brewing in the world of music.
EMI, the label that the Beatles are on, said it would hold a news conference Monday at its London headquarters with its chief executive, Eric Nicoli and Apple (AAPL) boss Steve Jobs There was also mention of a "special live performance."
Many are speculating that because the announcement is a joint one from EMI and Apple that it HAS to be the Beatles catalog coming to iTunes. We disagree with this speculation although we do believe the Beatles catalog will eventually come to iTunes, we're not going to hold our breath that this special announcement is about that.
Inside sources close to both parties say the announcement will instead deal with DRM, and how EMI plans to sell "significant amounts" of its catalog without anti-piracy software. This is pretty big news if it turns out to be true.
A live Webcast of the event will be available at http://www.emigroup.com beginning at 1 p.m. local time in London (1200 GMT). We'll be watching and waiting...
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