Dr. Dre & Jimmy Iovine Lose $25 Million Verdict At Beats Headphones Trial

A Los Angeles jury orders the music moguls to pay up.

(AllHipHop News) Beats Electronics founders Andre "Dr. Dre" Young and Jimmy Iovine will have to pay $25 million to former business partner Steven Lamar. According to The Hollywood Reporter, a jury decided that Lamar is owed money for three Beats headphone models.

Lamar sued the music industry executives in 2014 for failing to pay him royalties on the Studio 2 Remastered, the Studio 2 Wireless and the Studio 3 headphone designs. The case was dismissed by a judge before eventually going to trial after an appeal.

Originally, both sides agreed to a settlement out of court but things became difficult when the question of whether the agreement was a one-product deal or if it included all headphones sold by the company. Lamar then filed his lawsuit claiming Dre and Iovine violated the deal.

Lamar has now been legally granted a $25,247,350 payment. The founder of Jibe Audio was seeking more than $100 million. Additionally, he claimed to have come up with the popular Beats headphones marketing concept and took the idea of celebrity-endorsed headphones to Iovine in 2006.

Comments

Stories