Snoop Dogg’s endorsement deal that went awry was recently settled amicably. Snoop signed a three-year deal with Pabst Brewing Company to serve as the brand ambassador for Blast by Colt 45. Unfortunately, Snoop didn’t get the opportunity to help promote the new fruity-malt liquor beverage due to the company being sold. Snoop’s lawyer, Alex Weingarten told The Hollywood Reporter that Pabst should have paid Snoop 10% of its selling price, if sold by January 2016. Pabst was sold to Blue Ribbon Intermediate Holdings for $700 million in 2014, which prompted Weingarten to check the phantom equity clause in Snoop’s contract. Pabst never paid Snoop his share when the company was sold. The two parties have since settled on an unspecified amount of money.
