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Thursday, February 24, 2022

Jay-Z Wins $4.5M In Royalties

 


Parlux had sued Jay in 2016, claiming he failed to hold up his end of the promotional bargain when they teamed up to launch his cologne, Gold Jay-Z. The company said the whole deal was a stinking disaster because the rapper refused to do media and public appearances to pump up sales when the fragrance dropped in 2013. Parlux wanted $18 million from Hov but now he's effectively turned the financial tables on Parlux. 


On Thursday, an appellate court ruled Jay is entitled to the $4.5 mil in royalties from past cologne sales which he had requested during the NYC trial last fall. That jury said Mr. Carter didn't owe Parlux a dime, but also rejected his royalties demand. However, the appellate court overruled the jury decision, so big win for Jay-Z.


That jury said Mr. Carter didn't owe Parlux a dime, but also rejected his royalties demand. However, the appellate court overruled the jury decision, so ... big win for Jay-Z.


Jay-Z's attorney, Alex Spiro, declined to comment.


You might knock his failed cologne, but ya can't knock the hustle of Jay-Z's lawyers. Cha-ching!!!

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