Snoop Dogg Is Suing Pabst Blue Ribbon Over 700 Million Sale

Earlier today, Snoop (real name is Calvin Broadus), filed a lawsuit in Los Angeles superior court against Pabst Blue Ribbon. In case you didn’t know, in addition to making PBR, Pabst also owns Colt 45. Or at least they did until last November when the entire company was acquired by a Russian investor conglomerate. What does that sale have to do with Snoop? Well, it all starts back in 2011 when Snoop signed a three-year endorsement contract with Colt 45 to become the official spokesman for the brand’s fruit-flavored line of malt beer “Blast by Colt 45.” As spokesman, Snoop DJed several PBR parties, made a bunch of live appearances, and played concerts that were sponsored by Pabst brands. He was given a one time upfront fee of $250,000 plus $20,000 every 10 times he mentioned the brand on social media. He also appeared in this video campaign for Colt 45 called “Keep It Colt 45”:

According to the lawsuit just filed, in the event that Pabst was acquired, or if the company separately sold off Colt 45, Snoop would be entitled to a portion of the sale price. Specifically 10% of the value of Colt 45. This entitlement was reportedly supposed to last through January 2016. It’s unclear how much Colt 45 was valued out in the $700 million deal, but today insiders are estimating that Snoop is seeking a minimum of $10 million. The lawsuit was filed just a few hours ago, so there’s not much else to report. Pabst has not made a public comment yet. If you want learn more about the history of Pabst and how a group of investors flipped the company for a $450 million profit in four years, read this article. Update: When the lawsuit was first filed, we were under the impression that Snoop’s contract entitled him to 10% of Pabst overall sale price ($70 million). Today we learned that Snoop’s contract specifically was with Colt 45 and therefore would entitle him to 10% of whatever Colt 45 was worth.