“Beatles fan Steve Jobs could lose a large bite of his Apple to his idols. Beatles’ company, Apple Corps., is involved in a legal battle with Jobs’ Apple Computer, claiming the hardware manufacturer is in breach of a 1991 agreement that that forbids it from using the trademark for any application ‘whose principle content is music.’ The two companies have been involved in a number of court battles over the years involving the use of the Apple trademark,” Gordon Masson reports for Variety.
“Word among the legal community is that an out of court settlement could be imminent and that it will massively dwarf the $26.5 million paid to the Fab Four’s company in 1991 in a row over trademark use,” Masson reports. “One lawyer told Daily Variety, ‘People are expecting this to be the biggest settlement anywhere in legal history, outside of a class action suit. The numbers could be mind boggling.'”
Full article here.
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