08:30 05Feb2007 PRN-Apple Inc. and The Beatles' Apple Corps Ltd. Enter into New Agreement <AAPL.O>
CUPERTINO, Calif. and LONDON, Feb. 5 /PRNewswire-FirstCall/ -- Apple(R)
Inc. and The Beatles' company Apple Corps Ltd. are pleased to announce the
parties have entered into a new agreement concerning the use of 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. 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(R). 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."
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."
NOTE: Apple, the Apple logo, Mac, Mac OS, Macintosh, and iTunes are
trademarks of Apple. Other company and product names may be trademarks of
their respective owners.
SOURCE Apple Inc.
Natalie Kerris of Apple, Inc., +1-408-974-6877, or nat@apple.com; or Moira
Bellas for Apple Corps Ltd., +44(0)20-7483-9213, or moira@mbcpr.com; or
Elizabeth Freund, +1-718-858-3550, or zeliz@aol.com
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<AAPL.O>
Monday, 05 February 2007 08:30:24PRN [nPnSFM105a] {EN}ENDS
Great. But what does this have to do with the topic of the thread?