The band’s legacy is more vibrant than ever, and
the business of the Beatles will only be enhanced this year by a burst
of activity surrounding the 50th anniversary of their American debut on
“The Ed Sullivan Show.” That Feb. 9, 1964, telecast still ranks No. 11
on the list of most-watched non-sports telecasts in TV history, with an
astounding 73 million viewers.
CBS will commemorate that landmark with the Feb. 9 concert special
“The Night That Changed America: A Grammy Salute to the Beatles.” A
boxed-set re-release of their U.S. albums
issued last week is kicking off fresh promotion of the band’s music
that will run for years and bring new Beatles titles to the marketplace.
More than four decades after they broke up, the Beatles remain the
biggest-selling band in history. With domestic album sales of 64.1
million, they are second only to Garth Brooks among the top sellers
tracked by Nielsen SoundScan since the music metrics service was formed
in 1991. That figure does not include incalculable millions of albums
sold in the U.S. from 1964-1990; 20 of their pre-’91 titles have been
certified multiplatinum by the RIAA. Their 2000 hits compilation “1” is
the fourth best-selling title of the SoundScan era, with nearly 12.3
million sold.
The two surviving Beatles have been no slouches on the concert trail,
either. In 2013, Paul McCartney was the No. 12 live draw in North
America, according to figures from concert tracker Pollstar; his 17
stadium shows in 13 cities grossed $49.6 million. And while, by
comparison, drummer Ringo Starr’s All-Starr Band is a much smaller
attraction, playing venues in the 2,000-seat range, in 2012, the last
year Starr played a significant number of U.S. dates, his 22 shows
grossed $4.2 million (ranking him No. 169 among North American tours).
In addition, the Beatles are among the biggest movers in the classic
rock genre when it comes to licensed material — from T-shirts to lamp
shades to Christmas ornaments. Cirque du Soleil’s “The Beatles’ ‘Love’ ”
has become a Las Vegas mainstay. Homevid releases of the band’s feature
films, notably 1964’s “A Hard Day’s Night” and 1965’s “Help,” are
perennial sellers.
All told, the band’s staying power defies the gravity of a
notoriously fickle business, as Beatles tunes remain a must-have item
for music lovers across generations.
The value of the Beatles’ catalog was reflected in the $1.9 billion
price paid by Universal Music Group in 2012 for EMI Records’ label
holdings, which includes the band’s recordings, originally released
stateside by EMI’s U.S. subsidiary Capitol Records. The music is now jointly released by UMG’s Capitol Music Group and the Beatles’ Apple Corps.
Capitol Music Group chairman-CEO Steve Barnett knows first-hand what a
rarefied entity the Beatles remain. In the early 1970s, he worked for
NEMS, the management company founded by the Beatles’ late manager Brian
Epstein.
“At this company, we all feel a tremendous responsibility to advance
and protect that legacy. It’s a privilege and an honor that we get to
work with this incredible catalog,” Barnett said. “There’s a timeless
essence to the music.”
Ironically, Capitol initially had no faith in the commercial
potential of the Beatles, even after they had already conquered the U.K.
in 1963.
Historian Bruce Spizer, who will present a retrospective on American
Beatlemania at downtown Los Angeles’ Grammy Museum on Jan. 28, notes,
“Past experience had shown Capitol that British recording artists would
not do well in the United States. Add to that (Capitol A&R chief)
Dave Dexter’s expertise in rhythm & blues and jazz, and lack of
interest in rock ’n’ roll, and you can understand why Capitol did not
get excited about releasing Beatles records.”
Nonetheless, a confluence of events in December 1963 led Capitol to
rush release of the single “I Want to Hold Your Hand,” which leaped to
No. 1 on the American charts. By the time the Beatles stepped on the “Ed
Sullivan” stage, they were well on the way to becoming the biggest band
in the world.
Capitol-EMI has been minting money off the Beatles’ library ever
since with an array of re-issues, live and archival releases. If there’s
one thing music execs can count on, it’s the selling power of a Beatles
record.
The latest wave began Jan. 21 with the release of “The U.S. Albums,” a
13-CD set comprising the American versions of the Beatles’ albums.
Those collections were different in many respects (including different
titles, track lineups and in some cases different takes or mixes of
songs) from the versions that were released in the U.K.
Capitol Records brass couldn’t have known it at the time, but the
changes made to the U.S. releases back in the day were seeding the
market for a plethora of re-release options in the future.
“The U.S. Albums” set follows the 2009 release of the U.K. albums in
remastered form, which also came out via iTunes in 2010. The platters
even returned to vinyl in 2012. The U.K. album box sets, in all their
formats, have sold a total of 300,000 units, according to SoundScan.
Capitol separately issued eight of the U.S. albums on CD in 2004 and
2005. The latest boxed set marks an opportunity to re-introduce them to a
new demographic, says Bruce Resnikoff, president-CEO of Universal Music
Enterprises, UMG’s catalog division. “(There’s) an entire generation
who hadn’t seen these particular records the way they were released in
the U.S., in one place, in one fashion, with a sound quality that would
be satisfying,” Resnikoff notes.
The “U.S. Albums” set also marks the first time that a major Beatles
reissue project is being released simultaneously in physical form and
via the iTunes store, the Beatles’ exclusive digital distributor. In
December, iTunes released “Bootleg Recordings 1963,” a collection of 50
outtakes, BBC studio shots and unreleased demos; the package was likely
tied to the extension of copyrights on the 50-year-old material.
“That collection performed very well from our perspective,” Resnikoff
says, “and the people associated with Apple Corps and the Beatles felt
the same way. I think there’s an opportunity as we cull through the
vaults to find additional material like that.”
Resnikoff confirms that a vinyl edition of the Beatles’ mono albums,
released on CD in 2009, will be issued later this year on a date to be
announced. The 11-CD mono edition has sold 70,000 copies to date. Last
year’s “On Air — Live at the BBC Volume 2,” meanwhile, has moved 118,000
units.
This first anniversary wave of titles is just the beginning,
Resnikoff notes: “We have a combined global Beatles team in a
partnership with Apple Corps and the Beatles to not only discuss what
we’re doing now, but to bring forth a global strategy going forward,
well beyond six months, 12 months or 18 months.”
Beyond UMG’s exploitation of the Beatles’ work, other projects will
likely see the light of day. Rumors continue to circulate that the
Criterion Collection, the high-end homevideo company, will re-release “A
Hard Day’s Night” this year.
In Las Vegas, the Beatles’ music is the gift that keeps on giving.
Cirque du Soleil’s flamboyant production of “Love” at the Mirage has
been running for more than seven years, and will continue through at
least 2016.
Cirque du Soleil CEO Daniel Lamarre says the production has played
before 6 million people and grossed $800 million. (Capitol’s companion
album has sold nearly 2.4 million copies.) The age range of the audience
reinforces how enduring the band’s music is, even to those born long
after they took that last walk down Abbey Road.
“I think the Beatles are going to be relevant forever,” Lamarre says.
“The one thing that is surprising to me is how much the music of the
Beatles attracts kids, a younger crowd. … There is something about their
music that was and is very, very special.”
Yeah, maybe this 18-month campaign will ALSO include a re-release of the 2012 Stereo Vinyl box, either with better U.S. pressings or EU pressings for Worldwide distribution, following EMI and Capitol's rather COSTLY mistake of taking on a U.S. pressing plant that bit off more than it could chew, resulting in 10's of 1000's of defective N. American pressings (many of which continue to roll of the lines at Rainbo even today). And I CERTAINLY hope that EMI/UMe will NOT repeat that mistake with the Mono vinyl box later this year. Otherwise, I'm stoked for it!
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