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October 6, 2004
../ Beatles To Take Big Bite of Apple
An out of court settlement is currently in the works between Apple Computer and Apple Corps, the parent company of the Beatles. The two Apple's are currently
in a legal battle surrounding a signed agreement stating that Apple Computer would never enter the music market.
Enter iTunes. The Beatles feel that iTunes and the iPod breach the 1991 agreement stating that Apple computer would never utilize it's trademark for any entity
"whose principle content is music." Apple Computer went so far as to spin off iTunes as a separate company in Europe, but that didn't stop the Beatles from
filing suit.
Apple VS. Apple. Apple Computer and Apple Corps have battling each other for years over the trademark. In 1991, Apple Computer paid Apple Corps $26.5 million
in an out of court settlement when they came out with their Quicktime multimedia technology.
The legal community is salivating over the possibilities of the biggest settlement in legal history. Some are even speculating that Apple Corps will become a
major shareholder in Apple Computer with Paul McCartney becoming a board member.
Show me the money. The Beatles split up in 1970! Nobody associates Apple Corps with music in 2004. The only reason that Paul McCartney and company are suing is
for more money. This is a showcase for why the current trademark laws are really lacking. However, Apple Computer is so due for a swift punch in the gut. Their
arrogant attitude has finally come back to haunt them. Signing that idiotic settlement in 1991 will go down in their history as their second biggest mistake,
just behind not licensing their operating system.
The Future: Pay day for the Beatles. Paul McCartney definitely needs six or seven new estates across the globe. One upside for Apple Computer is that
they'll probably score the Beatles catalog for iTunes...for a mere half a billion dollars.
>>> Digihear? October 2004
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