Velvet Underground reach agreement with Warhol Foundation over 'banana' cover

The Velvet Underground have settled their lawsuit over a legal claim to the Andy Warhol-produced ‘banana’ album cover of their debut record.

The image, consisting of a screen-printed banana with Warhol’s signature beneath, featured on the group’s 1967 album The Velvet Underground & Nico.

Previously, judges had ruled that the band did not have a valid copyright claim to said image, but the group’s representatives continued their aim to acquire license for the picture.

Now, as CMU point out, a “confidential out of court settlement had been reached between all parties”. This has led to the case being closed with immediate effect.

The Velvet Underground, featuring lead members Lou Reed and John Cale, released five albums in all before disbanding in 1973.