They were one of the last bands to embrace the CD.  The Beatles didn’t make the leap to compact disc until 1987.  Now, fittingly, they’re one of the last major bands to make the leap to digital downloads, but if all the rumors hash out as true, today is the day that Steve Jobs and Apple will announce that The Beatles catalog will be joining the rest of EMI’s offerings on iTunes.  It’s a day 7 years in the making, as Jobs and Apple Records (the Beatles holding company) have been wrangling over this issue since day one of iTunes’ existence.

The main impetus of this movie?  Well, cash, of course.  EMI’s parent company, Terra Firma, is about $3 billion dollars in debt and have recently violated the terms of their loan from Citigroup.  While The Beatles remain one of the world’s most popular acts, ranking third in total record sales last year (39 years after their break-up) and spawning countless imitators, it’s expected that the move to iTunes will boost their sales even higher as Beatles fans rush to download their favorite albums.  Of course, this deal has been announced before, so it remains to be seen if it will actually happen this time.

The Beatles aren’t the only iTunes hold out.  Also not on iTunes are AC/DC, Kid Rock, and Bob Seger, among others.  Bob Seger?  Really?  Crazy.

Tags: The Beatles, iTunes, Apple, Apple Records, EMI, Steve Jobs, The Beatles to join iTunes, The Beatles on iTunes, The Beatles downloads, The Beatles join iTunes lineup, The Beatles music available for download on iTunes, Terra Firma, Citigroup

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