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The Beatles, Apple, and iTunes
novus ordo writes "Apple is being sued in London by Apple Corps, owned by the former Beatles and their heirs. This is a third battle over the name 'Apple' in Britain. Apple Corps has previously been awarded $26M by Apple Computer for the use of the name."
What actually do Apple Records do nowadays if they don't hold the back catalogues?
I'm guessing they don't release the new Beatles records, so is it just a holding company to look after the existing assets?
Maybe in this case it would be more effective for Apple Corporation to buy Apple Records - or maybe it would be even more appropriate for Steve Jobs other media corporation, Disney, to just buy Apple Records?
As for the point of the remaining Beatles licensing the back catalogue to Apple to make available via iTunes, wouldn't it actually be Michael Jackson who would be in the position to do that?
Seeing as he's in financial trouble lately from what you hear with all the news reports maybe it would make commercial sense for Apple Corporation to buy the back catalogue from him, which I think would really wind up the existing Beatles.
Surely as a band they would want to make sure that their music is available to the largest possible userbase. The world has changed since 1960 and this would appear to be the way forward?
It *was* resolved years ago, in 1991: Apple Computers got to use the name so long as they didn't get involved in the music business or set themselves up as a record label. Since that was explicitly set out in the settlement, and was the basis of the agreement, it's hardly surprising that iTunes has got up their nose.