Jay-Z to Receive $4.5 Million In Royalties from Parlux Fragrances

It was a good day in court for legendary rapper Jay-Z, who, just months after dodging a massive $65 million lawsuit from Parlux Fragrances, which claimed the Brooklyn native breached an endorsement deal, will now be the recipient of millions in royalties from the perfume company. 

CLEVELAND, OHIO – OCTOBER 30: Inductee Jay-Z speaks onstage during the 36th Annual Rock & Roll Hall Of Fame Induction Ceremony at Rocket Mortgage Fieldhouse on October 30, 2021 in Cleveland, Ohio. (Photo by Kevin Kane/Getty Images for The Rock and Roll Hall of Fame )

According to Page Six, Appellate Division, First Department ruled on Thursday, Feb. 24, that Hov, whose real name is Shawn Corey Carter, and his company S. Carter Enterprises LLC “are entitled to summary judgment on their royalties counterclaim,” which then would grant the “4:44” emcee $4.5 million. 

Last November, a Manhattan jury cleared Hov of any wrongdoing in his trial with Parlux. This process has been going on for nearly six years, following the company initially partnering with the rapper in 2013, to launch its “Gold Jay-Z” cologne. 

In their $67.6 million lawsuit, the corporation claimed that the Rock and Roll Hall of Famer breached an endorsement deal with the company by failing to appear at the 2014 launch at Macy’s, and promotional spots on “Good Morning America” and in Women’s Wear Daily.

At the time, jurors found that the 52-year-old was not liable to pay the requested amount, but they also rejected the rapper’s nearly $6 million countersuits over unpaid royalties. 

In his closing arguments, Hov’s lawyer Alex Spiro told jurors that his client didn’t want the cologne to fail, noting that he had a year to make promotional appearances, and was not contractually obligated to show up to the launch, the publication reported.

Read full story at Atlanta Black Star here.

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