The Beatles’ company Apple Corps Ltd. and Apple reached a new deal on the name “Apple” and apple logos which replaces their 1991 Agreement.
Under this 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. The ongoing trademark lawsuit will end. The terms of the deal are confidential.
Steve Jobs, Apple’s CEO said, “We love the Beatles, and it has been painful being at odds with them over these trademarks. It feels great to resolve this in a positive manner, and in a way that should remove the potential of further disagreements in the future.”
Now it should not take long until finally Beatles songs will be available on iTunes.
More details in this Apple press-release. Via WSJ (Subscription).
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