“Apple Computers [sic] could be gearing up for a fight with The Beatles’ Apple Records label if the computer company continues making moves in the music industry. Apple caused a stir with the launch of their iTunes music download service, forcing the music industry to sit up and pay attention to the potential of digital music sales. Now they are making noises about diversifying into other areas of the music industry and it has even been suggested that the company has its sights set on buying the Universal Music Group,” dotmusic.com reports.
“However, Apple has already run into trouble with its namesake, The Beatles’ Apple Records, when they breached a 1981 agreement with the label in which they consented never to take an interest in the music business. Steve Jobs’ Apple Computers was forced to pay out $26 million simply because they began producing music files and associated software,” dotmusic.com reports.
Full article here.