Dr. Dre and Jimmy Iovine Sued Over $100M Beats Royalty Case

Entrepreneur Steven Lamar is taking the duo to court.

Music
15,106 Hypes 2 Comments

Upon celebrating 10 years of success with the Beats brand, Dr. Dre,  Jimmy Iovine and Beats Electronics are being sued by entrepreneur Steven Lamar for more than $100 million USD for unpaid royalties. Lamar was apparently the one to suggest the idea of creating a line of celebrity-backed headphones to the team back in 2006, resulting in the Beats by Dre brand. When Lamar was sued for breaching a contract, he settled by forgoing his rights and opted to receive a 4% royalty for every headphone sold.

Now, the Los Angeles Superior Court is deciding whether the royalties accounted for just the first model of Beats headphones, or the extension of Beats products created thereafter. A judge initially rejected the lawsuit, but a California appeals court overturned the decision as the agreement remained vague around Lamar’s end of the deal.

Read Full Article
Source
Billboard

What to Read Next

Designer Creates Impressive Nike ACG 3D Flyprint Concept
Footwear

Designer Creates Impressive Nike ACG 3D Flyprint Concept

Amsterdam-based Janis Sne takes cues from Nike’s 3D-printed tech.

EA Sports Reveals New 'FIFA 19' Trailer
Sports

EA Sports Reveals New 'FIFA 19' Trailer

Ronaldo returns as the game’s cover star.

Al Pacino Will Join Tarantino's Charles Manson Movie
Entertainment

Al Pacino Will Join Tarantino's Charles Manson Movie

Adding to the already impressive roster.


Fear and Clothing in Vegas: Liam Hodges on World Building Within Fashion
Fashion 

Fear and Clothing in Vegas: Liam Hodges on World Building Within Fashion

The designer talks inspiration and process for his latest collection.

A First Look at the Cam'ron x Reebok Question
Footwear

A First Look at the Cam'ron x Reebok Question

Featuring Dipset branding throughout.

Dele Alli's Rise From the Street to the World Cup
Sports

Dele Alli's Rise From the Street to the World Cup

The first chapter of our ‘Destined’ series.

More ▾
 
Subscribe to our Newsletter

Receive the latest in Footwear, Fashion, Music and Creativity in our newsletters.

By Subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.