Velvet Underground, Warhol Settle Banana Dispute
The Velvet Underground has settled a legal fight with the Andy Warhol Foundation for the Visual Arts over the rights to the iconic pop art image of a banana used by the Velvet Underground in their notorious album.
In the lawsuit, the Velvet Underground claimed exclusive use of the banana design for licensed merchandising. The lawsuit sought damages and an injunction to prevent the foundation from licensing the image. Apparently the Warhol Foundation was planning to license the banana design to Apple Inc. for iPhone and iPad products.
Obviously, no terms of settlement were released.
More via Reuters.