Apple Records was founded in 1968 by the musical group known as The Beatles, comprising John Lennon, Paul McCartney, George Harrison, and Ringo Starr. The label became successful, surviving the legal dissolution of the Beatles in 1974, and continuing to issue new material till 1976. The holding company, Apple Corps, Ltd., is still in existence. The label was resurrected around the time of The Beatles Anthology for use on all Beatles CDs.
Earlier Beatles albums had been released on Parlophone/EMI (and Capitol Records or United Artists Records in the US).
This venture was reportedly due to the Beatles' need to invest money as a tax shelter. The British tax laws at the time were regarded by many as draconian. When George Harrison sang in his song "Taxman", "There's one for you, nineteen for me", (referring to shillings in the pound) he was not kidding. That was the exact amount they retained after taxes – five per cent. As George added, "Should five per cent appear too small, be thankful I don't take it all."
During the 1974 proceedings dissolving the Beatles as an entity, a court ruling decreed that eighty per cent of all profits from Beatles albums (as a group) would accrue to Apple Records, and five per cent would go to each of the four members.
The label consistently made a profit through 1984, then lost money for several years.
Apple Corps has had a long history of trademark disputes with Apple Computer, and (as of 2004) the two companies are still involved in litigation.
The first LP release from Apple Records was the Two Virgins album by John Lennon and Yoko Ono, released on November 11, 1968 (the parent record companies refused to be involved because John and Yoko were shown naked on the controversial sleeve). It was closely followed by the first Beatles album released on the label, titled The Beatles but more commonly known as the White Album, released November 25, 1968.
Some other Beatles albums released on the Apple label included:
The label also released singles, the most successful (non-Beatle) of which was Mary Hopkin's "Those Were the Days", which was released in four languages.
Many record labels have had similar names to Apple Records through the years, including:
- Bad Apple Records
- Big Apple Records
- Black Apple Records
- Crab Apple Records
- Mountain Apple Records
- Screaming Apple Records
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Zapple Records
Artists Recorded on Apple Records
Related artists
Others
See also
External links
Last updated: 05-07-2005 09:51:01
Last updated: 05-07-2005 18:09:53
