Apple & Beatles sign new deal
Apple Inc and The Beatles' company Apple Corps today announced they 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. The terms of settlement were not announced.
"We love the Beatles, and it has been painful being at odds with them over these trademarks," said Apple CEO Steve Jobs. "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."
The lawsuit was ridiculous to begin with and I doubt The Beatles would have won had the two gone any further. That said, had Apple [Computer] won a suit I doubt that the Beatles would have EVER appeared on the iTunes Music Store.