SONGWRITERS PAUL AND JOHN EARNED $4. MIL. IN 1964
LONDON — From songwriting alone, Beatles John Lennon and Paul McCartney earned around $4,000,000 last year, their publisher Dick James has confirmed. Thirty of their compositions were published in 1964, of which they recorded 22 themselves.
James has added to his fast growing organization the talents of Dennis Berger who quit his job as assistant to Philips recording manager Johnny Franz at the end of 1964.
According to James, Berger will be seeking out songwriters and artists for the company’s small roster, but it is generally expected that he will handle independent production or records for the publisher. END.
(Information and news source: Billboard; January 16, 1965).