Velvet Underground, Warhol Foundation avoid a trial
May 31, 2013 4:00 AM
Andy Warhol Banana.
By Scott Mervis Pittsburgh Post-Gazette
The banana split between the Velvet Underground and The Andy Warhol Foundation for the Visual Arts has been settled.
In January 2012, the New York band sued the foundation in New York federal court claiming that the cover of its 1967 debut album, "The Velvet Underground & Nico," had become "a symbol, truly an icon, of the Velvet Underground."
The foundation had planned to license the artwork, created by Andy Warhol from a grocery advertisement, for iPod and iPad products.
On Tuesday, the case was dismissed due to a confidential settlement between the parties, averting a July 29 trial.
Neither party is commenting on the banana resolution.