JAY-Z Gets $7 Million in Royalties in Defunct Cologne Partnership
Jay-Z is smiling to the bank with another set of millions. In late 2021, Jay-Z won a legal battle with Parlux Fragrances resulting in $4 million in royalties. Now, the company has to give the rapper another $7 million.
New York Post reported that the company owes $6.78 million in unpaid royalties and interest for his JAY Z Gold fragrance.
“We’ve been awarded and will be receiving the money as we should,” Hov’s lawyer Alex Spiro said to The Post.
JAY-Z was cleared by a Manhattan jury against claims of breach of contract in an endorsement deal for the “JAY-Z Gold” cologne. Parlux stated HOV failed to properly promote the fragrance and was seeking $67 million in damages.
The jury found Jigga not guilty, impacted by his argument of “why on earth” would Hov put his name on a project just for it to fail.