After over three years of litigation, Megan Thee Stallion finally reached a private settlement in her case against her former record label, 1501 Certified Entertainment. Moreover, she sued the company for an “unconscionable” record deal, alleging that they blocked new releases and failed to support her as they were contractually obligated to. Legal representatives for 1501 announced on Thursday (October 19) that they finally came to a compromise with the Houston rapper. According to these attorneys, they “mutually reached a confidential settlement to resolve their legal differences” and will “amicably part ways.” No matter how you slice it, this is a long-awaited and necessary resolution to this conflict.
Furthermore, 1501 Certified Entertainment elaborated a bit further on their feelings about this settlement with her. “Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses,” they stated. In addition, the statement included a remark from label president Carl Crawford. “[We] wish Megan the very best in her life and career,” he expressed. However, as of writing this article, it’s still unknown what specific considerations went into Megan Thee Stallion’s settlement, including whether there was any monetary exchange or other legal or contractual stipulations.
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For those unaware, the “Bongos” MC accused 1501 Certified Entertainment of roping her into an imbalanced record deal in 1028 as a young artist. Apparently, this was far from the industry standard when it comes to artist freedom and financial considerations. Megan Thee Stallion maintains that a Roc Nation management deal in 2019 opened her eyes to the “cr*zy” nature of the agreement thanks to the assistance of “real lawyers.” Since then, multiple other complaints emerged, such as 1501 not counting projects as albums (which affects the terms of her deal) and that the label mishandled royalties and charged excessive amounts for marketing and promotion.
Meanwhile, even though a judge ruled in December that this required a jury trial for resolution, it looks like that’s no longer the case. The 28-year-old artist even hinted at this settlement during a recent Instagram Live session. “I have no label right now,” she expressed. For more news and the latest updates on Megan Thee Stallion, keep checking in with HNHH.
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