Apple and The Beatles Can Work It Out

Apple Inc. didn’t announce anything during the SuperBowl regarding the iPod, iTunes and The Beatles. Today, Apple Inc. and Apple Corps Ltd. announce a new agreement regarding the “apple” trademark. Based on the press release, Apple Inc. gains control over the trademark and consequently ends the trademark dispute with Apple Corps Ltd.

From Apple Press Release:

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 are confidential.

It’s only about time for The Beatles catalogue to be sold on the iTunes Store.

http://www.apple.com/pr/library/2007/02/05apple.html