The trademark lawsuit surrounding the use of Andy Warhol’s banana design on the Velvet Underground’s debut album cover has been settled.
The album, ‘The Velvet Underground & Nico,’ featured Warhol’s now iconic banana graphic. The Velvet Underground had filed a suit in 2012 against the Andy Warhol Foundation for the Visual Arts when it was reported that the Foundation was planning to license the image for use on a wide range of products including iPhone and iPad accessories. In the lawsuit, the Velvet Underground claimed it held the trademark to the image, which is synonymous with the band’s image. The Foundation claimed that it held the copyright to the design.
For those too young to remember, the group was founded by John Cale and Lou Reed and collaborated with Warhol in the 1960s. Warhol also managed the band. ‘The Velvet Underground & Nico’ ranked number 13 on Rolling Stone’s 500 Greatest Albums of All Time.
Terms of the settlement were not disclosed.