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Chrysalis PLC (CHS)

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Wednesday 17 November, 2010

Chrysalis PLC

Chrysalis Welcomes Beatles Av

RNS Number : 3044W
Chrysalis PLC
17 November 2010

17 November 2010




Chrysalis PLC

Welcomes Beatles Availability at Apple iTunes Store


Chrysalis PLC ("Chrysalis" or "the Group"), the leading independent music publisher, is poised to generate additional producer royalties from The Beatles following this week's decision to make the band's legendary catalogue available at the Apple iTunes Store for the first time.


The Group now anticipates increased demand for The Beatles' digitally re‐mastered catalogues, for which Chrysalis holds George Martin's producer master rights.


Jeremy Lascelles, Chief Executive, said: "The world has been waiting for this for some time. The Beatles catalogue is arguably the greatest body of recorded music in the popular music canon, and it continues to re-generate itself on a regular and consistent basis. Last year it was the digital re-mastering campaign, and now we can look forward to the catalogue being available on iTunes for the first time."


As previously announced, Chrysalis expects benefits from the digital re‐mastering of the entire Beatles back catalogue to come through in 2010, along with royalties associated with 'The Beatles Rock Band' video game, for which The Group has high hopes.


"Monetising the opportunities for the music publishing business in the digital environment is an important part of the Group's growth strategy," added Mr Lascelles.


Chrysalis will announce its preliminary results on 16 December 2010.



Chrysalis PLC

Jeremy Lascelles

Chief Executive Officer

020 7465 6179

Andy Mollett

Group Finance Director

020 7465 6321


Tim Burt/Dania Saidam

020 7404 5959


ABOUT CHRYSALIS PLC                    

Chrysalis PLC is an independent music company.  The Group's principal areas of business comprise: Chrysalis Music Publishing which includes the Group's international network of music publishing companies, whose purpose it is to exploit and grow Chrysalis's rich catalogue of music copyrights; Chrysalis Non Music Publishing, which is made up of The Echo Label, a copyright exploitation company; Chrysalis Copyrights, the owner of certain Master recordings and Flatiron Management, an artist management company.  Chrysalis PLC also owns Lasgo Chrysalis, a UK-based wholesale entertainment product distribution business which serves both domestic and overseas wholesale, retail and entertainment markets with CD, DVD and book products.


This information is provided by RNS
The company news service from the London Stock Exchange