Dr. Dre/Jimmy lost the Beats lawsuit, owes $25 million

[Yinny]

Dr. Dre and Jimmy Iovine tried their hardest to remain defiant against a former business partner who claims he got screwed out of royalties for Beats headphones, but unfortunately a jury didn’t agree with them and awarded the man millions.

According to the jury verdict sheet obtained by The Blast, Steven Lamar was awarded $25,247,350 in total damages for the versions of the Beats headphones which he was owed royalties.

The jury broke down the damages by awarding him over $7 million for the Studio 2/Remastered headphones, $14 million for the Studio 2 Wireless version and another $2 million for the Studio 3 cans.

Just last week, Dre and Iovine testified in the case that their involvement with the technology inside the headphones was minimal, and they mostly just focused on the aesthetics and marketing.

Lamar had a previous agreement with the music moguls over Beats, but after Apple acquired the company in 2014 for $3 billion, he felt he was owed royalties in regards to the products he developed. He originally filed suit in 2016.

TheBlast.com
This is a developing story …

Dr. Dre and Jimmy Iovine Hosed in Beats Royalties Case for $25 Million

 

[Ethnic Vagina Finder]

 

[the cac mamba]

 

[L. Deezy]

Walk around money for Jimmy and Dre..

 

[blackjedi]

ain't nothing to the doctor

 

[Rekkapryde]

that's it? they got off.

 

[Guvnor]

Good for Steven Lamar, seems they tried to stiff him out his money when he did actual work on crafting the headphones.

 

[Tunez]

 

[Michael's Black Son]

Mere crumbs to Apple but the lawyers in this case will walk away with a nice bag of change

 

[razassin]

I love Dre but this will never not be funny

 

[Travellin' Man]

Dre still eating good

 

[Harry B]

Really not a story, he had a 4% deal with them, then they sold it and the deal he had did not get transferred to Apple.
So they did him wrong by not settling the deal before they sold it, 4% would be 120 million, he wanted 100 but he got 0.83%.

Dude did create the headphones and brought Jimmy on and Dre as a celebrity sponsor, got a deal, so it's just the cost of doing business

 

[Michael's Black Son]

Dre still eating good

Dre too busy to delete his Ls from social media