Dr. Dre, Jimmy Iovine hit with a $ 25 milli verdict in Beats Royalty Costume

Steven Lamar, a former business partner of Beats Electrics' founders Dr. Dre and Jimmy Iovine, received a $ 25 milli verdict in a lawsuit against his former partners involving royalties for Beats headphes.

  Beats by Dre

According to the Hollywood Reporter jury trial, first introduced by Lamar in 2014, determined that Lamar has fulfilled his ctract and is therefore entitled to royalties from the sale of three models of Beats headphes.

In the suit, Lamar claimed that a celebrity endorsed helmet brand was his idea, and that he brought the opportunity to Dre and Iovine in 2006. The creati of Beats, as clearly in the suit, was influenced by Apple before he bought Beats in 2014; Robert Brunner, former Apple Industrial Design Director, who later joined the Pentagram design firm, was involved in the initial talks, as did Apple's Vice President of Distributi, Jerry. McDougal.

Beats finally chose to distribute its headphes through an agreement with Mster. The partners, after a fall, reached a settlement under which Iovine and Dre would retain ownership of the "Beats by Dr. Dre" brand and receive a 20% royalty gross sales. Lamar and Jibe would assign intellectual property rights for a royalty rate of 5% and a "stake" in Beats for "ctributis to the business model, product ccepts, brand identity and icic designs. "

Dre and Iovine owed royalties, including profits from …

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