Atrial began on Friday at the Los Angeles Supreme Court and entrepreneur Steven Lamar claimed that he is the one who proposed the idea of a celebrity-endorsed headphone line designed by renown industrial designer Robert Brunner to Dre and Iovine back in 2006.
The three of them had a falling out which led to Dre and Iovine suing him for breech of contract. Lamar relinquished his rights in exchange for a four percent royalty on every headphone sold by Monster and its affiliates, according to Billboard. After they reached a settlement, Beats released new models and began paying 2% royalties to Brunner until they bought out his interest in 2014. Dre and Iovine then sold the company to Apple for $3 billion.
The question whether or not Lamar is owed royalties for “later derivative versions…”
What are your thoughts??
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