Monday, February 05, 2007
Apple, Inc. (Computers) and Apple Corps (Records) Resolve Their Long Dispute
Apple Computer and Apple Records have been in a legal dispute over who the real "Apple" is for over 20 years. The most recent fracas involved Apple's iTunes, as Apple Computer agreed in 1991 that, in order to continue using its name, it would not enter the music business. The recent settlement replaces the 1991 agreement and gives Apple Computer ownership of all the trademarks related to "Apple" so it can continue using its name and logos in iTunes. In addition, Apple Computer will license certain of those trademarks back to Apple Corps for their continued use.
No word yet on when the Beatles will be available on iTunes.