This week, the rising rapper fought to get out of a complicated contract in order to release an anticipated new project, ‘Suga’
“1501 don’t want me to put out no music,” Megan said on Instagram Live on Sunday. “All I did was ask to renegotiate my contract, then it became a whole big thing. When I signed, I didn’t really know what was in my contract. I was young. I think I was like 20, and I ain’t know everything that was in my contract. So when I got with Roc Nation,” — Megan announced that she was signed to a management deal with Roc Nation in September 2019 — “I got management, real management. I got real lawyers.
1501 Entertainment received “net monies” from a variety of Megan’s other businesses and then paid her out after a separate accounting. Throughout the contract, 1501 Entertainment is given 30% of almost all of Megan’s sources of income, including merchandising, sponsorships, endorsements, and every conceivable version of a live performance: concerts, clubs shows, hosting, and tours.
Jordan Bromley, a partner at Manatt Entertainment who specialized in entertainment transactions, calls any company taking 30% of these ancillary income streams “a massive overreach.” Across the initial Temporary Restraining Order, Megan’s representation argues that 1501 Entertainment aren’t performing the “standard record label functions .” Similarly, the TRO claims that label is essentially a middleman, since they have no “infrastructure” when it comes to publishing/administration, touring, merchandising, sponsorships, or endorsements.
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