Apple Inc. Inks Apple Corps Deal

Posted by ScuttleMonkey on Monday February 5, 2007 @06:43AM 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."

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Typical Monopoly behavior by Anonymous Coward · 2007-02-05 07:12 · Score: -1, Troll

Apple's move into the music business was a blatant violation of their agreement with Apple Corps, but as Jobs has shown time and time again, they are more than happy to play it fast and loose with other people's intellectual properties. Steal now, settle out of court later (after running up millions in legal fees which would crush a smaller company, of course).

We can give all this long history of bad behavior a pass, however, since Apple has held the "Slashdot Most Favored Monopoly Status" for over a decade already. It's a good thing we granted that status, otherwise we might look like hypocrites when our anti-MS FUD applies just as equallly to Apple.