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Apple Records was founded in 1968 as part of the Beatles' Apple Corps project. At this time, the Beatles were contracted to Parlophone in the United Kingdom and Capitol Records in the United States. In a new recording deal, EMI and Capitol agreed to distribute Apple Records until 1975. Apple owned the rights to records by artists they signed, while EMI retained ownership of the Beatles' records, issuing them on the Apple label but with Parlophone R-prefixed catalogue numbers. Apple Records owns the rights to all of the Beatles' videos and movie clips.