Thursday, September 16, 2004
SiliconValley.com | 09/15/2004 | I suppose $26 million in iTunes cash isn't going to do it for you, huh?
SiliconValley.com | 09/15/2004 | I suppose $26 million in iTunes cash isn't going to do it for you, huh? "Looks like Apple Corps' long and winding trademark dispute with Apple Computer is going to lead to another big cash windfall for the Beatles' label (see "iPod, not Beatles, more popular than Jesus now"). Word among the legal community is that Apples Computer and Corps are headed toward an out-of-court settlement, one that's going to cost the former dearly. "People are expecting this to be the biggest settlement anywhere in legal history, outside of a class action suit," a lawyer with an obvious penchant for hyperbole told Daily Variety. "The numbers could be mind-boggling." If this is the case, it will be the third time that Apple Corps has sued Apple Computer over the latter's use of the AppleMusic brand and won a sizable cash settlement from the company. Indeed, it pocketed a $26 million dollar settlement from Apple in 1991. But another such pay out doesn't seem to bother Apple CEO Steve Jobs, who's long been a diehard Beatles fan. "It's not a big deal," Jobs told Newsweek earlier this summer. "It's unfortunate because we love the Beatles. I'd do anything for those guys."