Apple Inc. and The Beatles’ Apple Corps Ltd. Enter into New Agreement
A
pple®
Inc. and The Beatles’ company Apple Corps Ltd. are
pleased to announce the parties 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 are confidential.
Commenting on the settlement, Steve Jobs, Apple’s CEO
said, “We love the Beatles, and it has been painful
being at odds with them over these trademarks. 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.”
Commenting on the settlement on behalf of the shareholders of Apple Corps, Neil Aspinall, manager of Apple Corps said, “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 co-operation with them.”