Meg Stallion to sue 1501 ent. Edit#9: Meg wins, New music is released. Them numbers not looking good

Anerdyblackguy

Gotta learn how to kill a nikka from the inside
Supporter
Joined
Oct 19, 2015
Messages
61,805
Reputation
17,567
Daps
345,522

☑︎#VoteDemocrat

The Original
Bushed
WOAT
Supporter
Joined
Dec 9, 2012
Messages
310,140
Reputation
-34,205
Daps
620,160
Reppin
The Deep State

anigif_sub-buzz-25972-1479741401-2.gif
 

☑︎#VoteDemocrat

The Original
Bushed
WOAT
Supporter
Joined
Dec 9, 2012
Messages
310,140
Reputation
-34,205
Daps
620,160
Reppin
The Deep State

Astroslik

Veteran
Joined
Aug 3, 2013
Messages
28,559
Reputation
2,846
Daps
85,610
It can be voided because they aren't doing their contractual duties which are to keep an accurate accounting of what is spent and owed to her, pay her accordingly, as well as their duty to actually release/sell her music. A judge literally had to order them to release her music. Idk why label do this dumb shyt when they are already making the fair share

If someone is breaking major contractual duties, that's the easiest way to get it voided.
These are allegations. The lawsuit was literally just filed, nobody knows the other parties response.
 

NinoBrown

Veteran
Joined
May 6, 2015
Messages
16,947
Reputation
4,957
Daps
78,495
That's not grounds to void the contract. That's grounds to sue and enforce the contract. And I would imagine there is an arbitration clause in the contract that outlines how disputes such as potential money owed will be handled so she has no argument. This is just a PR stunt. Disagreements over money is normal in music contracts... and the dispute process is almost always outlined in the contract. Especially the bad ones. Ask birdman.

She would of made more money with an only fans and selling p*ssy than she did making music. :mjlol::picard:

She doesn't own the rights to the music and she has to share royalties with 8 other co-authors.....

If this 7 mill number is real....

7 Mill to the label
Label pays 15% Capital Gains Tax 1.5 Million
5.5 Mill left
60% goes to the label which is 3.3 Mill
2.2 Mill Left
(Wait, there are 10 other co-writers (2 are Nikki Minaj and Ty Dollar Sign)with publishers who take a cut off that and Universal Music Group who takes the publishing off that)
2.185 Mill gone
15k left for Meg

Game set match...
 

ItzRailT

All Star
Joined
Apr 7, 2014
Messages
2,294
Reputation
45
Daps
7,783
Megan Thee Stallion Granted Restraining Order Against Her Record Label



Pete is asking a judge to declare her “unconscionable” recording contract with 1501 void, saying that despite the fact that she has more than 1 billion streams and sold more than 300,000 individual track downloads -- earning an estimated $7 million in revenue -- she has only been paid $15,000 by the label.

Ole girl talked about how she be finessing dudes but whole time she was getting fukked big time sheesh :russ:

Guess it won't be no hot girl summer this time around.
 

RubioTheCruel

Veteran
Supporter
Joined
Jul 16, 2013
Messages
21,294
Reputation
2,199
Daps
79,150
Reppin
Brooklyn, NY
That's not grounds to void the contract. That's grounds to sue and enforce the contract. And I would imagine there is an arbitration clause in the contract that outlines how disputes such as potential money owed will be handled so she has no argument. This is just a PR stunt. Disagreements over money is normal in music contracts... and the dispute process is almost always outlined in the contract. Especially the bad ones. Ask birdman.

A contract can always be re-contracted, whoadie :birdman:
 

NinoBrown

Veteran
Joined
May 6, 2015
Messages
16,947
Reputation
4,957
Daps
78,495
:pachaha:Folks in here talking bout "where was her lawyer". Like she had money on deck to retain a top notch music industry attorney.

You can get an attorney for cheap, just to look at the situation. Spend 500-1000 bucks to possibly gain a better deal or spend it on a trip to Puerto Rico to stunt on Instagram? Look how it worked out for her....
 

Bawon Samedi

Good bye Coli
Supporter
Joined
Mar 28, 2014
Messages
42,413
Reputation
18,635
Daps
166,512
Reppin
Good bye Coli(2014-2020)
So say she made a million dollars

600,000 goes to 1501 label

she left with $400,000

then have to pay engineers, feature artist , producers, etc... then add in taxes

she’s left with less than 40,000 dollars or less not including other fees..

to you youngsters out here lurking the coli, leave rap alone and get a regular 9 to 5 , you’ll make more than half of these rappers, especially you chicks who have no idea about the music business ask Mary j bilge, Toni Braxton and Trina


Or.... Become more financially literate?
 
Top