![]() ![]() The Beatles' company, whose corporate logo is a giant green Granny Smith apple, first sued what was until last month Apple Computer Inc. She said no such deal has been reached yet.Īpple Corps was founded by the Fab Four in 1968 and is still owned by Paul McCartney, Ringo Starr, the widow of John Lennon and the estate of George Harrison. spokeswoman for Apple Corps, said EMI would first need an agreement with Apple Corps before licensing any music to Apple Inc. Bands such as AC/DC have sold albums only at other, more flexible sites.īut the Beatles' recording label, Britain's EMI Group, has rebuffed all suitors.Įlizabeth Freund, the U.S. Formerly hesitant artists from Madonna to Metallica have made peace with online customers as digital downloads have continued to grow in popularity - with iTunes holding the bulk of the market.Īrtists have complained that online distribution leaves them with too small a profit and that iTunes wrecks the artistic integrity of an album by allowing songs to be purchased for 99 cents apiece. The Beatles had been one of the few remaining big-name musical acts to reject any legal distribution of its work on the Internet. "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." "We love the Beatles, and it has been painful being at odds with them over these trademarks," Jobs said in a statement. However, decades of legal disputes between the two companies have thus far made any partnership all but impossible. Jobs even cued up some Beatles music and album art in unveiling the company's highly anticipated iPhone gadget at the Macworld Conference and Expo last month, setting off rampant speculation that some type of deal might be in the works. It's no secret that Steve Jobs - Apple Inc.'s chief executive officer and a huge Beatles fan - has wanted the British band's music on iTunes, which has sold more than 2 billion songs worldwide and has catapulted Apple into the top ranks of music sellers. That would come on top of more than $26.5 million Apple paid to settle past disputes with Apple Corps. paid The Beatles $50 million to $100 million for the rights to the Apple name. For Apple, it was critical that they got this taken care of." "It goes from impossible to a lock that it's going to happen - it's a function of time at this point," said Gene Munster, senior research analyst with investment bank Piper Jaffray. Industry analysts said a resolution on putting The Beatles' music online is likely already in the works. Other terms of the settlement were not disclosed. ![]() ![]() It ends the ongoing trademark lawsuit between the two companies, with each side paying its own legal costs. ownership of the name and logo in return for agreeing to license some of those trademarks back to London-based Apple Corps - guardian of The Beatles' commercial interests - for their continued use. The settlement gives Cupertino-based Apple Inc. The Beatles have so far been the most prominent holdout from iTunes and other online music services, and Apple's overtures to put the music online have been stymied by the ongoing litigation. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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