Apple sued by The Beatles over iPod, ITMS

Apple sued by The Beatles over iPod, ITMS "Apparently when Apple Computer first started, The Beatles sued them for the use of the corporate name. In addition to a hefty cash settlement, Apple agreed to only use the corporate name for computer products and not enter the music markeplace.
Years later, The Beatles sued and won another lawsuit when Apple shipped computers that allowed music to be played through attachable speakers. That lawsuit charged breach of a trademark agreement since Apple had agreed to steer clear of the music business. Fox News estimates Apple has paid US$50 million in the lost suits so far.
The latest round of legal proceedings surround Apple's popular MP3 player, the iPod and the iTunes Music Store, which just sold its 10 millionth song online.
"When it first happened with the iPod, we said, "What could they be thinking?" said a Beatles legal insider, who agreed that posters announcing the iPod from "AppleMusic" were among the most egregious violations. "They knew we had the agreement, and that we'd won a lot of money from them already."

A contract is a contract...

Via JD on MX