APPLE Trademark Dispute
The dispute between Apple Inc and Apple Corps Limited concerning the APPLE trade mark appears, at last, to have been settled.
A statement was released by Apple Inc (developer of the iPod portable media player and the iTunes on-line music store) announcing a new agreement, under the terms of which Apple Inc will own the APPLE trade marks at the heart of the dispute and will grant a licence to Apple Corps Limited (the Beatles record company) to use some of the trade marks concerned.
The settlement is likely to have cost Apple Inc dearly, although there is speculation that the Agreement may also provide for the sale of Beatles recordings through iTunes, which would benefit both parties. Currently Beatles recordings are not officially sold on-line, despite high levels of demand.
Neil Aspinall, Manager of Apple Corps Limited said in a statement "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 cooperation with them."