Steve Jobs’ Apple Inc. and the Beatles’ Apple Corps. have settled their 25-year trademark dispute. Now there’s speculation of a deal between the two that would put the legendary rock group’s songs on iTunes. CNBC’s Jim Goldman appeared on “Power Lunch” to fill us in.
According to the agreement between the ttwo Apples, Apple Inc. is now the owner of all things “Apple,” but the Cupertino, Calif., company will license the name back to Apple Corps.
But the bigger news for investors may be the speculation that the Beatles’ catalogue could end up on iTunes. Goldman noted Jobs’ hint last month at the MacWorld conference. During his iPhone presentation, the album cover for Sgt. Pepper's Lonely Hearts Club Band was on auditorium monitor with “Lovely Rita” playing in the background.