Monday, February 05, 2007

AP: Apple, Beatles Settle Trademark Lawsuit

More details and speculation

Industry analysts said a resolution on putting The Beatles' music online is likely already in the works.

"It goes from impossible to a lock that it's going to happen - it's a function of time at this point," said Gene Munster, senior research analyst with investment bank Piper Jaffray & Co. "I bet they move pretty fast. For Apple, it was critical that they got this taken care of."

Jaffray estimates that Apple Inc. paid The Beatles $50 million to $100 million for the rights to the Apple name. That would come on top of more than $26.5 million Apple paid to settle past disputes with Apple Corps.

Source: AP: Apple Beatles Settle Trademark Lawsuit

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