MacRumors.com

We previously reported on Page 2 about reports that Paul McCartney has reached a $400 million agreement with iTunes for the distribution of the Beatles' back catalog.

Word spread quickly about the imminent deal, but today, Apple actually denied the claim according to Billboard:

"This is not news nor is it a scoop," says an Apple Inc. spokesman, declining further comment.

Rumors of the Beatles appearing on iTunes have persisted for years with Steve Jobs specifically targeting "the first half" of 2008 in an interview with USA Today. Paul McCartney had also felt "pretty sure it'll be happening [in 2008]".