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A comment on Apple Confirms Its $3 Billion Deal for Beats Electronics. Parent comment

Re:Apple Confirms Its $3 Billion Deal for Beats Electronics by broabprobe on Wednesday May 28, 2014 @05:22PM (#7813051)
Didn't they sign an agreement with Apple Records that they would not start a record label?
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Re:Apple Confirms Its $3 Billion Deal for Beats Electronics by georgemcbay on Wednesday May 28, 2014 @05:34PM (#7813124)
At one point they had such an agreement, but according to wikipedia, Apple Inc (the iPhone people) bought the trademark rights to "Apple" outright and relicensed them back to Apple Corps (the record people) as of 2007:

http://en.wikipedia.org/wiki/Apple_Corps_v._Apple_Computer

Which presumably means they are free to do basically whatever they want with regards to using the Apple name on music-related goods and services.

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Re:Apple Confirms Its $3 Billion Deal for Beats Electronics by mikeyouse on Wednesday May 28, 2014 @05:32PM (#7813107)
When that all settled, Apple Records gave Apple Computers all rights to the 'Apple' name and Apple Computers will license the name back to Apple Records for their continued use. I'm sure this involved a fairly substantial sum of money, but Apple could almost definitely start a competing record label.
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