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Curious if Apple buying a record label somehow re-stirs the Beatles/Apple Corp/Apple Records vs Apple Inc fight.
by tyingq 3y ago
Curious if Apple buying a record label somehow re-stirs the Beatles/Apple Corp/Apple Records vs Apple Inc fight.
- eddieroger 3y agoI love the Internet because I had that same thought. They can definitely claim this purchase for the catalog to expand their classical music offering, but not Apple (Computer) Inc is also now in the record label business, just like Apple Records is. Maybe it's also testing the waters for a move like that. Sort of tin-foil-y, but I dig it.
- criddell 3y agoIIRC, Apple bought the trademark for $500 million and Apple Records licenses the name back. I believe it's an entirely settled issue.
- tyingq 3y agoAh, yes I read that. The wildcard would be "undisclosed terms"...if there was some restriction of not directly owning/running a record label.
- usrusr 3y agoThere's nothing to re-stir because Apple Inc has completely bought out all Apple Corp trademarks in 2007. Yeah, apparently if you make enough money previously made agreements aren't really binding. https://en.wikipedia.org/wiki/Apple_Corps_v_Apple_Computer https://en.wikipedia.org/wiki/Apple_Corps_v_Apple_Computer
- dpcx 3y agoEnough money allows all contracts to be negotiable.
- Someone 3y agoNot enough money can make contracts renegotiable, too, if it’s lots of not enough. If your debts are high, and you can convince your debtors they’re better off taking a cut on what you own them than waiting for your bankruptcy, they’ll accept a deal that’s, on paper, worse for them than the original one. See https://en.wikipedia.org/wiki/Debt_restructuring https://en.wikipedia.org/wiki/Debt_restructuring, https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_S.... Under pressure, everything becomes fluid.