Apple (Beatles) vs. Apple (iTunes)
February 19th, 2005 Posted in Main Page
I stumbled across a really interesting story at LegalZoom.com, which outlines the long legal battle between Apple Computer and Apple Corp., which was created in 1968 as a tax shelter by The Beatles. Over the years, Apple Corp. has sued Apple Computer twice and been awarded more than $26-million. The biggest fight, however, is taking place now over Apple Corp.'s allegation Apple Computer has breached - through the launch of iTunes - an agreement not to package, sell or distribute any physical music materials such as CDs. Some legal experts think Apple Corp. would become a major shareholder in Apple Computer, possibly with Paul McCartney as a board member. Cool, eh!
