Latest in Apple

Image credit:

Apple nixes Monster's licensing over Beats lawsuit

Share
Tweet
Share

Sponsored Links

Monster's lawsuit against Beats Electronics last January has come back to bite it now that Beats is an Apple subsidiary. The Wall Street Journal reports that Apple has killed Monster's official licensing agreement deader than that reported Beats WiFi speaker. Monster has been producing licensed accessories (lightning cables, headphones and whatnot) since 2005. Plus, it's reportedly paid more than $12 million in licensing fees since 2008 for the honor of selling "Made for iPhone/iPod/iPad" devices, some of which retailed in Apple stores.

Chief counsel for Monster, David Tognotti, told the Wall Street Journal that Apple terminated the companies' agreement on May 5th citing it no longer being "mutually beneficial" due to the lawsuit. The lawsuit itself stemmed from Monster CEO Noel Lee accusing Beats' co-founders Jimmy Iovine and Dr Dre of fraud regarding the potential proceeds of its sale to Apple. The lawsuit is ongoing. Monster will continue to sell of its remaining stock of products until September. "It shows a side of Apple that consumers don't see very often," Tognotti told the WSJ. "Apple can be a bully."

[Image Credit: Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The 2020 Engadget Holiday Gift Guide

The 2020 Engadget Holiday Gift Guide

View
Scientists might know why astronauts develop health problems in space

Scientists might know why astronauts develop health problems in space

View
Belkin’s new wireless charger tries to do what AirPower promised

Belkin’s new wireless charger tries to do what AirPower promised

View
The best Black Friday tech deals we could find

The best Black Friday tech deals we could find

View
Zappos' pioneering ex-CEO Tony Hsieh dies at 46

Zappos' pioneering ex-CEO Tony Hsieh dies at 46

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr