Megan Thee Stallion Has Officially Taken 1501 Certified Entertainment To Court
Megan Thee Stallion Sues 1501 Entertainment: Megan Thee Stallion has taken legal action against her record label, 1501 Certified Entertainment.
The rapper took to Instagram live, yesterday to speak against them for barring her from releasing new music all because she requested to renegotiate her contract.
At the time she signed the contract, she was all of 20 years and green to what she was signing, but social media commentators aren’t having it. Given the widespread amount of exploitation by record labels to young artists, it is expected that one should know to at least lawyer up before signing any contractual document. After all, it’s 2020. there’s a lot of information online.
TMZ has made the official announcement. Megan has taken her label to court officially. In the interim, she has been granted a temporary restraining order which allows her to release new music she has billed for Friday. This restraining order also prevents the label from attacking her online.
Also, key elements of the contract which were otherwise hidden, have now surfaced, thanks to the lawsuit.
According to claims made by Megan’s side, the label gets 60% of the recording income. Payments for engineers, producers, artists, etc are then expected to come out of her 40%.
It doesn’t end there, touring and performance money are also going directly to the label, to be shared out later.
We are sad for Megan and are rooting solely for her. She just had a cover feature of Rolling Stone. She doesn’t need all the negative vibes, especially with being a college undergrad.
Also, we hope this will be a learning curve for everyone. Educate yourselves and lawyer up!