The Associated Press announced today that they have reached a settlement with Obey Clothing over merchandise sold with the disputed image of Barack Obama from Shepard Fairey‘s HOPE poster. The artist Fairey reached a separate settlement with the AP in January.
The financial details of the settlement are confidential, but what is clear is that the AP will get a cut of merchandise sales in the future. The AP press release explains:
Pursuant to that agreement, the AP and Obey Clothing will collaborate to create and sell apparel using Shepard Fairey’s graphics based on photographs owned by the AP.
No reason to kill a cash cow.