Dre about to have to come up off that Beats cash? Jimmy Iovine & Dr. Dre Sued For “Stealing” Beats Technology Looks like those amazing Christmas bonuses Dr. Dre gave his legal team are about to come in extra handy. The rapper, along with business partner Jimmy Iovine, is being sued by Monster for stealing the technology for the wildly successful Beats audio brand and leaving Monster in the dust. Via Forbes : For audio cable company Monster, the wound that Beats Electronics left is years old but still stings like a fresh stab in the back. In a lawsuit filed in San Mateo County Superior Court Tuesday, Monster CEO Noel Lee said that his company was betrayed by Beats Electronics, the company behind “Beats By Dr. Dre” headphones, when the two companies parted ways in 2012, and that Beats has gone on to try to erase Monster’s contribution to its headphones. The suit claims that rapper Andre “ Dr. Dre” Young and music mogul Jimmy Iovine conspired to steal the audio engineering that Monster built for the Beats headphones, which were a joint project. The suit alleges that Monster, not Beats, was primarily responsible for designing the headphones, and after Dre and Iovine severed ties with Monster, they tried to wipe away Monster’s role in Beats’ success. It adds that beyond Dre’s status as a celebrity, his “main contribution was to bless Monster’s headphones when he exclaimed: ‘That’s the s–t!’” While Monster was left trying to build a new product to compete with its own creation – and without the technology that Beats retained control of — Beats continued to succeed. In May, Apple AAPL -0.03% bought the company for $3 billion. Thanks to the sale, Dre walked away with an estimated $650 million before taxes in 2014, which rocketed him to the top of FORBES’ highest-earning musicians list for the year. Yikes! If this case gets proven in court, Dr. Dre might have to finally release that “Detox” album he’s been talking about for the past 15 years to make up for that $600 mil in lost cash…
See the original post:
Monster Sues Dr. Dre And Jimmy Iovine, Alleging “Fraud & Betrayal” In Beats Audio
