Connect with us

Hi, what are you looking for?

Business

Flo Rida Awarded Close To $83 Million by Florida Jury in Breach-Of-Contract Suit

tempo planet news

Hip hop superstar Flo Rida has been awarded close to $83 million by a Florida jury in his breach of contract lawsuit against energy drink Celsius who were found to have withheld payments to Flo Rida as part of the 2014 contract and improperly concealed related information, per reports.

Celsius allegedly “failed to notify” Flo Rida when the sales targets ($1 million in co-branded gross revenue during a 12-month period) were officially hit and allegedly decided not to pay “additional royalties” and stock options that were triggered by hitting certain sales benchmarks.

Additionally Flo Rida claimed, via a contract from 2016, to be owed a piece of the stateside income from “certain company products,” including cases of the drink’s Sparkling Orange variety and boxes of “powdered sticks.

You can catch of on the live streams of the trial here.

You May Also Like

Business

The Department of Justice is probing Live Nation Entertainment, the concert production giant and parent company of Ticketmaster, over it’s dominant presence within the...

Music

Tencent backed artist growth company FRTYFVE isn’t your traditional record label, but is making waves within the industry nonetheless as they have already acquired...

Business

Switzerland based company Utopia Music has confirmed that they will be significantly cutting the size of it’s global workforce with a number of layoffs,...

Musicians

Warner Recorded Music has officially announced the signing of Saudi superstar Dalia Mubarak, who has been labeled as “the voice of the young Saudi...