Apple Inc. Inks Apple Corps Deal

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."

It just goes to show that....

[8127972]

.... All you need is love.

Farmers beware!

[Bwana Geek]

In other news, the Apple Growers Association of America has recently come under fire...

Money can't buy me love...

[Biff Stu]

But it can buy a trademark.

Re:Beatles on iTMS?

[cybereal]

According to http://thepiratebay.org/ [thepiratebay.org] they haven't resisted everyone.

Between Steve Jobs and Michael Jackson...

[Telephone Sanitizer]

I'm just imagining how uncomfortable it would make Sir Paul to be in that sandwich.

the love you take...

[swschrad]

is equal to the love you make.

oops, buy.

oops, negotiate through intermediaries.

the music gets stale after 40 years, i guess.

I figured out step 3!

[davidbrit2]

1. Use company's name
2. Get sued
3. Agree to sell their own name back to them
4. Profit!

It's a tennis game.

[freeze128]

This is one of many lawsuits that have been happening since the 80's (remember the Apple IIgs?). It's just a balance of power. In the early days, the Beatles thought that they were bigger than Jesus, and so they sued a little computer company. Now, that little computer company is bigger than the Beatles, and Jesus has an iPod.

Re:Typical Monopoly behavior

[soft_guy]

Apple's move into the music business was a blatant violation of their agreement with Apple Corps

The judge in the case disagrees with you. You are not a judge. You lose.

Negotiations went like this...

[Anonymous Coward]

The Beatles: "You Never give Me Your Money"
Steve Jobs: "We Can Work it Out."
Beatles: "Don't Let Me Down"
Jobs: "It Won't Be Long"
Beatles: "Money, That's What I Want"
Jobs: "Come and Get It"
Beatles: "I Feel Fine"

All you need is T-Bills...

[Kadin2048]

.... All you need is love.

And $8.7 Billion USD in cash [appleinsider.com]. But that's a lot harder to rhyme.

How the Conversation Went:

[Anonymous Coward]

Apple Computer: "I wanna hold your hand"
Apple Corps: "Please please me!"
Comp: "Can't buy me love"
Corps: "Money (That's what I want)"
Comp: "Got to get you into my life!"
Corps: "Tell me why?"
Comp: "I want to tell you!"
Corps: "Baby You're a Rich Man!"
Comp: "Act Naturally!"
Corps: "That'll be the Day!"

and finally, years later...

Inc: "Love me do?"
Corps: "Don't let me down"
Inc: "Yes it is?"
Corps: "I will"
Inc: "The End!"

With thanks to http://www.stevesbeatles.com/songs/ [stevesbeatles.com]

The Beatles

[rlp]

Some background info - the 'Beatles' was a band popular in the late Pleistocene epoch. It featured four musicians who used to work in a semiconductor plant (hence their nickname 'Fab Four'). One of them is that guy who's getting divorced. No, not him - the other one. They formed a distribution company called Apple which owned their music before Michael Jackson bought it. Apple was suing Apple over the name Apple (or maybe Marklar), but Apple has settled with Apple and is now free to use Apple.

Re:Money/stock changing hands?

[ml10422]

Announce that Jobs is on the Apple Corp. board? That's all?! What about a Beatles reunion with Jobs taking John Lennon's slot?

typo in the story

[commodoresloat]

The terms of settlement are confidential.

They misspelled "astronomical."

Re:Money/stock changing hands?

[geoffspear]

If only there was some term like "classic rock" that could be used to speak of rock music with the longevity to be considered classic. Oh well, I'm sure yours will catch on.