Los Angeles-based Filmstreet Productions has taken the film rights to new book All You Need Is Luck or How I Got A Record Deal By Meeting Paul McCartney.

Paul Tennant's book is about three teenage musicians in Liverpool in 1967 who became the first group signed to the Beatles' Apple label. Tennant himself was a member of the group, named Focal Point.

'This is a real Cinderella story,' said Filmstreet's Peter Foldy. 'Focal Point was a part of and a witness to rock music history and we're very excited to have acquired this true and compelling tale.'