General News

50 Cent ordered to pay $16 million over failed headphones deal

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Apr 10, 2014 | 11:36am EDT

Rapper 50 Cent has been ordered to hand over $16 million (£10 million) to bosses at Sleek Audio relating to a failed deal to launch his own headphone line. The In Da Club hitmaker, real name Curtis Jackson, partnered with company executives in 2011 for his own Sleek by 50 line, but the collection never materialised and he filed suit the following year (12) over allegations they did not refund him his initial investment after the project fell through. He then went on to launch an earphones line with rival firm SMS Audio, but the announcement did not sit well with Sleek chiefs, who went on to accuse the rapper of stealing the designs of the over-the-ear products they had been developing together for his SMS line. The two parties entered arbitration talks, and now it's been revealed that a judge at the U.S. District Court in Miami, Florida has affirmed an award in Sleek Audio's favour, demanding 50 Cent pay them $11.7 million (£7.3 million) in damages, in addition to almost $4.5 million (£2.8 million) in legal fees.

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