Tuesday, September 27, 2022

Parlux Ordered To Pay Jay-Z Nearly $7 Million In Back Royalties

Parlux takes another defeat in its legal battle with Jay-Z after the brand is now ordered to pay him nearly $7M in Back Royalties.

2022 NBA Finals - Game Five

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Jay-Z kicked off 2022 with a big victory in court against Parlux Fragrances. The company sued Hov claiming he didn’t uphold his end of their contract from a 2012 perfume deal and wanted $68 million in compensation. Parlux claimed Hov allegedly never promoted their joint fragrance “Gold By Jay-Z”. Almost a decade later Parlux got their day in court and took the L.

Parlux Fragrances Ordered To Pay Jay-Z Nearly $7 Million In Back Royalties.

Originally the counterclaim by Hov’s lawyer Alex Spiro wasn’t granted but thanks to the Appellate Division First Department appeal, Jay-Z was later granted a judgment of $4.5M. According to Complex, the final number in royalties owed to Jay-Z has grown passed the original amount. Manhattan Supreme Court Justice Andrew Borrok on Thursday ordered the perfume company to pay Jay-Z $6.78 million in unpaid royalties, including interest. Let us not forget this amount is on top of all the legal fees they spent for a decade to even get to court. In the end, maybe they should have just taken their L in private instead of in public because everything that could go wrong, went wrong for Parlux.

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