logo
logo

Dr. Dre and Jimmy Iovine Ordered to Pay £18.9 million to Former Beats Partner

avatar
Garland Marsella
Jul 01, 2018 16:00
img

A Los Angeles superior court jury has ordered Beats co-founders Jimmy Iovine and Andre “Dr.

Dre” Young to pay former business partner Steve Lamar just over $25 million (£18.9 million) over royalties on the sales of Beats headphones, Billboard reports.

The ruling expands a 2007 settlement granting Lamar royalties for only one pair of headphones, the Beats Studio.

The story of Beats has frequently been framed as a two-person collaboration between Dre and Iovine, as well as a struggle against the company’s former manufacturer, Monster.

But Lamar claimed to have presented the idea of celebrity-endorsed headphones to Iovine and Dre in 2006, and helped with the design of the Beats Studio headphone model along with industrial designer Scott Brunner.

In 2007, after a falling out, Dre, Iovine, and Lamar reached a settlement, with Lamar receiving 4 per cent in royalties from every headphone sold, “but only one headphone, Beats Studio, was specified,” according to Variety.

collect
0
avatar
Garland Marsella
Jul 01, 2018 16:00
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.