The Millions They Have To Pay

Dr. Dre and Jimmy Iovine have just been ordered to cough of a whopping $25MILLION! Can we say, Cha-CHING?!! It looks like their main man, Steven Lamar, done came UP:

Embed from Getty Images

Via The Blast: 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.

Well…maybe Dre and Iovine can look at the bright side of this, at least $25M’s is a lot better than the $100million Lamar was originally seeking…

Backstory Of Why They’re Being Sued For $100M’s

If you missed our prior coverage n why Lamar took his business partners to court, here’s what we reported.

Nearly 10 years after Beats by Dre hit the market, Lamar recently sued the former N.W.A. pioneer and Iovine for $100million. In court docs, Lamar claims to have presented Dre and Jimmy with the idea for their highly successful Apple Music Beats by Dre headphones. Lamar said they were now trying to cut him out of the agreement they arranged, by allegedly finding a loophole to go forgo paying him.

Embed from Getty Images

Via Billboard: Lamar is suing Andre “Dr. Dre” Young, Jimmy Iovine, and Beats Electronics. Lamar alleges being the one back in 2006 to propose to Dre and Iovine a line of celebrity-endorsed headphones based on a design by Robert Brunner, a renowned industrial designer.

But the parties had a falling out in the early years, and Dre and Iovine sued Lamar for breaching contract. This prior lawsuit then led to a settlement where Lamar relinquished rights in exchange for a four percent royalty on every headphone sold by Monster and its affiliates. After the settlement, Beats released new headphone models and began paying a two percent royalty to Brunner until sometime in 2014 when Beats bought out Brunner’s interest. Dre and Iovine would later sell Beats to Apple for $3 billion.

The big question in the case is whether Lamar is due royalties for the later derivative versions of Beats headphones or whether the defendants fulfilled its obligations by merely paying him for the first headphone model.

Prior to now, a judge had tossed Lamar’s case because he/she felt there was not evidence enough to go to trial. In Sept. 2016 though, an appeals court judge deemed that the wording of the agreement between Lamar, Dre, and Iovine was too “ambiguous” to fully exclude Lamar from any profits from altered versions of the original Beats by Dre headphones. Therefore, the three parties are now in a jury trial, pleading their sides of the case in a California court.

They Were Clueless?

According to Billboard, Dre and Jimmy Iovine claim they were clueless of how successful the headphones would be at the time of the agreement and therefore had no way of predicting there would be a follow up version of the headphones to hit the market. However, Lamar came to the trial ready…dude presented a Power Point presentation documenting his, Jimmy’s and Dr. Dre’s early days together, in which Lamar raised the possibility of future different models of the headphones, as well as their future collaboration on a “line of headphones”…not just one version. Thus, here they are today,

The post Dr. Dre & Iovine Lose Big, Ordered To Pay Many Millions To Ex Associate For Wrongdoing appeared first on I Love Old School Music.

Why They’re Being Sued For $100M’s

Nearly 10 years after Beats by Dre hit the market, an entrepreneur named, Steven Lamar, says Dre and Jimmy are trying to stick him for his paper. Therefore, he’s suing them for a whopping $100million! In court docs, Lamar claims to have presented Dre and Jimmy with the idea for their highly successful Apple Music Beats by Dre headphones. Lamar says they’re now trying to cut him out of the agreement they arranged, by allegedly finding a loophole to go forgo paying him.

Embed from Getty Images

Via Billboard: Lamar is suing Andre “Dr. Dre” Young, Jimmy Iovine, and Beats Electronics. Lamar alleges being the one back in 2006 to propose to Dre and Iovine a line of celebrity-endorsed headphones based on a design by Robert Brunner, a renowned industrial designer.

But the parties had a falling out in the early years, and Dre and Iovine sued Lamar for breaching contract. This prior lawsuit then led to a settlement where Lamar relinquished rights in exchange for a four percent royalty on every headphone sold by Monster and its affiliates. After the settlement, Beats released new headphone models and began paying a two percent royalty to Brunner until sometime in 2014 when Beats bought out Brunner’s interest. Dre and Iovine would later sell Beats to Apple for $3 billion.

The big question in the case is whether Lamar is due royalties for the later derivative versions of Beats headphones or whether the defendants fulfilled its obligations by merely paying him for the first headphone model.

Prior to now, a judge had tossed Lamar’s case because he/she felt there was not evidence enough to go to trial. In Sept. 2016 though, an appeals court judge deemed that the wording of the agreement between Lamar, Dre, and Iovine was too “ambiguous” to fully exclude Lamar from any profits from altered versions of the original Beats by Dre headphones. Therefore, the three parties are now in a jury trial, pleading their sides of the case in a California court.

They Were Clueless?

According to Billboard, Dre and Jimmy Iovine claim they were clueless of how successful the headphones would be at the time of the agreement and therefore had no way of predicting there would be a follow up version of the headphones to hit the market. However, Lamar came to the trial ready…dude presented a Power Point presentation documenting his, Jimmy’s and Dr. Dre’s early days together, in which Lamar raised the possibility of future different models of the headphones, as well as their future collaboration on a “line of headphones”…not just one version.

Unless Dr. Dre and Jimmy Iovine can prove otherwise, it looks like their gonna be diggin’ into those collective billion dollar pockets to pull out a spare $100M’s. On a side note, Dre is probably hoping to have better luck than he did on his other recent case, when he lost to a gynecologist named…wait for it…’Dr. Drai’ (pronounced ‘Dr. Dre’). Like we said, another day, another lawsuit…it’s like Dr. Dre’s “been there, done that”…LOL…I couldn’t resist that one.

The post Dr. Dre Hit With $100Million Lawsuit…And There’s A Chance He May Lose Big appeared first on I Love Old School Music.

Depressed and Homeless:

When the Queen of Hip-Hop Soul received her star on the Walk of Fame, she tearfully explained just how important the defining moment was for her. With all the ups and downs she’s faced on her way to the top, the prestigious honor is definitely a breathe of fresh air. Mary has been through a lot in her personal life over the past couple years- more than her fans actually knew.

“I’m so grateful for this star right now because I’ve earned it probably three times,” Blige told the crowd. “I say that with confidence and not arrogance. I say it because I know that now, and I know my worth, and what this means.”

Embed from Getty Images

Light In The Midst Of Darkness:

The “Seven Days” singer revealed there was one man who came to her rescue and helped her when times were rough. Interscope Records executive, Jimmy Iovine, and his wife, Liberty, opened their doors to the singer during her time of need in 2016, after she’d filed for divorce from Kendu Isaacs: 

“When all hell was turning loose in 2016 and I had to file and all of that stuff, I was homeless last year,” she added. “Jimmy Iovine took me into his Malibu home- him and his beautiful wife, Liberty- and I will never forget that.”

During the ceremony, Mary J. was joined by many of her longtime friends, who celebrated her success with her. Diddy also recalled their struggle from the bottom to the top, revealing just how hard they worked to make their dreams of success come true…

Embed from Getty Images

“We’ve been through a whole lot. We started from nothing,” Diddy said. “I used to pick Mary up from the projects. I had me a Volkswagen Rabbit. I had like two rims on it. I couldn’t afford four. I would pick her up and we would just drive down the highway in New York and just dream. We would say, ‘Man we want to be somebody. We want to be big. We want to be something for our people. We want to shake up the world.’ And we did that.”

Through it all, Mary J. Blige is definitely an inspiration for fans everywhere. Despite all she’s been through, she continues to push forward. Congratulations to Mary J. Blige.

The post Mary J Drops Bombshell, Reveals Why She Was Homeless In 2016 & How Jimmy Iovine Helped Her appeared first on I Love Old School Music.