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Apple Inc. Inks Apple Corps Deal

Posted by ScuttleMonkey on from the ways-to-get-a-better-deal dept.

Sometimes_Rational writes to mention Apple Inc. formerly (Apple Computer) has announced an agreement with The Beatles' company, Apple Corps Ltd. which settles the lawsuit brought by Apple Corps. Under the new agreement, "Apple Inc. will own all of the trademarks related to 'Apple' and will license certain of those trademarks back to Apple Corps for their continued use. In addition, the ongoing trademark lawsuit between the companies will end, with each party bearing its own legal costs, and Apple Inc. will continue using its name and logos on iTunes. The terms of settlement are confidential."

2 of 176 comments (clear)

  1. Beatles on iTunes? by georgewad · · Score: 5, Interesting

    Certainly adds fuel to the rumors of the Beatles catalogue (sic) showing up on ITMS.

    --
    Karma: It's not just a good idea. It's the law.
  2. Can Apple Inc. sign bands directly now? by TedTodorov · · Score: 5, Interesting

    This is potentially huge, as Apple inc. now seems to own the trademark and will license it back to Apple Corps Ltd. Unless I am missing something, this means that Apple can sign bands directly, cutting out the record companies which collect 69 cents on every iTunes dollar.

    As online music sales surpass physical media, this has the potential of allowing Apple to take over the record industry. I doubt they want to, but it gives them a great deal of opportunity to expand their iTunes business.