NEW YORK Julian Lennon, the 44-year-old elder
son of John Lennon, has sold a financial stake in his late
father's compositions for the Beatles to Primary Wave Music
Publishing, a year-old New York City concern, The Wall Street
The deal is to be announced on Friday, the Journal said.
Terms of the deal weren't disclosed, the Journal said. But
it quoted the parties as saying in a statement that the share
of the catalog was "significant."
The deal relates to the songwriting income generated by the
compositions, as opposed to the publishing rights. The rights
to most of the compositions John Lennon wrote with Paul
McCartney are owned by Sony/ATV Music Publishing.
Primary Wave last year paid an estimated $50 million for a
50 percent stake in the music-publishing catalog of Nirvana
frontman Kurt Cobain, which it bought from his widow, Courtney