Timeline
Previous article Apr 29, 1964 • The Beatles are photographed with their Madame Tussauds wax figures
TV show May 06, 1964 • Around the Beatles
Single May 08, 1964 • "One And One Is Two" by The Strangers With Mike Shannon released in the UK
Article May 1964 • Lenmac Ltd is formed
Radio show May 18, 1964 • From Us To You
Session May 22, 1964 • "A Hard Day's Night" session #9
Next article Mid 1964 ? • Paul McCartney buys a house for his father Jim
Related articles
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Jun 26, 1962
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Jan 27, 1965
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Northern Songs becomes a public company
Feb 18, 1965
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The Beatles resign from The Beatles Ltd
Nov 19, 1966
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Apr 19, 1967
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The Beatles hire Alexis “Magic Alex” Mardas
Aug 24, 1967
Lenmac limited was formed in May 1964. It was owned by John Lennon (40%), Paul McCartney (40%) and Brian Epstein (20%).
From Wikipedia:
Epstein asked chartered accountant James Trevor Isherwood to set up a company to collect Lennon and McCartney’s PRS payments—called Lenmac—which he did on 12 May 1964. When he first visited Epstein’s office, Isherwood was surprised to learn that Epstein took 25 per cent of the gross income, and not the 10 per cent that he believed most other managers received at that time. All of Epstein’s expenses were deducted from his artists’ gross income, including office rental, staff wages, travel, telephone costs, and entertaining expenses. Before his death, Epstein knew that the renegotiation of his management contract (up for renewal on 30 September 1967) would lower his management fee from 25 to 10 per cent, and that NEMS would no longer receive a share of the Beatles’ performance fees, reducing its revenues still further.
