I did some research on the subject, but could not find the actual contract that Apple Computer signed regarding "never getting into the music business". Does anyone know where I can get this or what it says exactly? Not paraphrased, I know the paraphrasing, I want the actual words.
Based on the paraphrase, Apple Computer did indeed box themsleves into a corner. They apparently have paid many millions in the last twenty years for their infringements on that terrible agreement. iTunes and AppleMusic is clearly another violation.
In my opinion, Apple Computer must cimply think it's worth it. They had to know what was coming.
Personally, I hate this kind of stuff. Clearly the public is not going to confuse the two companies. They serve two different purposes. Apple Records is not currently (to my knowledge) trying to sell albums online. Obviously, the lawyers are driving this so they can get their fees.
For Apple Records it's a stupid move, publicly and financially. The smarter move would have been to jump on board, do double promotions, put up the entire Beatles library to iTunes and when iTunes for Windows kicks in, they will make ungodly money. Actually, I am probably completely wrong on that. Apple Records may not make a penny from Beatle song royalties, right? Does anyone know about that?
It's an interesting situation, either way.