Megan Thee Stallion Worries About Label’s Financial State
Megan Thee Worries About Label’s Financial State
Megan Thee Stallion has voiced her concerns about the ability of the record label to compensate her if she wins her lawsuit. The rapper has accused the label of running low on funds, despite millions of dollars in deposits. Thee Stallion worries About Label’s Financial State Amidst Ongoing Lawsuit
According to TMZ, Megan believes that 1501 Certified Entertainment’s primary bank account has less than $10,000. Because of this it raises fears that the label’s owner, Carl Crawford, along with J. Prince and Gee Roberson, have been profiting from her music without proper compensation.
Royalties sought after In Motion Filed
As a result Thee Stallion filed a lawsuit against 1501 and its CEO, Carl Crawford, in 2020. Seeking royalties and her release from her contract in her latest motion. The rapper expresses concerns that she may not receive the compensation owed if she wins her legal battle against the label.
Megan request to appoint a third party to manage 1501’s finances is an indication of the severity of the situation. Megan is not only seeking compensation but also wants to ensure that she receives the payment she is owed, regardless of the label’s financial state.
Because this ongoing legal battle between Megan and 1501 highlights the importance of artists having proper legal representation and being vigilant about their finances. The rapper’s worries about her label’s ability to compensate her should serve as a cautionary tale for other artists.
A third party to manage 1501’s finances could also be beneficial for other artists on the label. Ensuring that they receive their rightful payments. It remains to be seen how the legal battle between both parties will play out. The rapper’s latest motion highlights the need for transparency and fair compensation in the music industry.
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