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Apple Inc and Apple Corps Form New Trademark Agreement

Interesting snippet from Apple Inc's press release

Commenting on the settlement on behalf of the shareholders of Apple Corps, Neil Aspinall, manager of Apple Corps said, “It is great to put this dispute behind us and move on. The years ahead are going to be very exciting times for us. We wish Apple Inc. every success and look forward to many years of peaceful co-operation with them.”
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Something in the works?
 
Apple Inc and Apple Corps Form New Trademark Agreement



Apple Inc and Apple Corps said in a joint statement today that they have entered into a new trademark agreement that effectively replaces their prior 1991 agreement over the use of the corporate name "Apple".

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. 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.

Commenting on the settlement, 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.”
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Apple Inc has been victorious under a recent lawsuit from Apple Corps (the Beatles' record label) regarding the use of the Apple logo on the iTunes Store. Recent rumors fueled by Steve Jobs playing Beatles music on his iPhone at MacWorld SF have pegged the Beatles coming to the iTunes store perhaps this month (Valentines Day?).
 
Wow. This looks like a total win for Apple Inc. I don't know much about law-related things but I don't think it could have come out any better for stevie boy. :D yay for both :apple:s
 
Now perhaps fanboy Steve can gush over iTunes content:D But really this is a good thing for iTunes cause any exclusive content is good.
 
Apple Corps will get their fair share of the deal when the Beatles tracks go on iTunes and become some of the most heavily downloaded songs. :D
 
michaelrjohnson said:
This was a joint settlement...

Can someone provide a better explanation of how Apple Corps, Inc. got anything out of this deal?
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They won't lose any more than they already have. Apple was going to win this legal battle) The Beatles will get to appear on The iTunes Store (the largest download site) instead of Napster or any of the other failures (Zune Store etc etc).

This was settled out of necessity by The Beatles.
 
nodabs said:
Apple Corps will get their fair share of the deal when the Beatles tracks go on iTunes and become some of the most heavily downloaded songs. :D
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And thanks to downloads counting towards UK chart positions it's quite possible they could have every spot in the top 10 in the same week. That would be one hell of a PR coup for both Apples.
 
Stella said:
Seems Apple Corp sold out and took it from SJ.
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Not really a surprise considering The Beatles have always been the biggest corporate whores of them all.

Auntie said:
Apple Inc will now take full control of the Apple brand and licence certain trademarks back to the Beatles' record company Apple Corps for continued use.
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Time to start bumping up those annual licensing fees Steve!!! :p :p :p :p :p :p
 
Such a big deal for the beatles?

Yeah their legends but come on is it this serious?
 
Being a lawyer for Apple has got to be the best job security around. Even with this issue settled (maybe) there is an endless stream of lawsuits.
 
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