Megan Thee Stallion is wasting no time in taking steps to rid herself of her current contract with label 1501 Certified Entertainment.
On Monday, Megan filed a lawsuit against 1501 and it’s CEO and Founder, Carl Crawford. In the suit, Meg claims that her recording contract, which she signed at just 20 years old, states that 1501 is to get 60 percent of her recording income.
The remaining 40 percent goes to her, which she then has to use to pay engineers, mixers, and artists who she collabs with. At the time of signing, she received only a $10,000 advance and is now looking to renegotiate the terms of the deal. The rapper admits that she was not completely aware of what her contract said.
“When I signed, I didn’t really know what was in my contract. So when I got with Roc Nation, I got real management, I got real lawyers, and they was like, ‘Do you know that this is in your contract?’ And I was like, ‘Oh, damn, that’s crazy—no, I didn’t know.’”
Meg claims that all money made from her touring and live performances are to be paid directly to 1501 Certified. In return, the label has provided incomplete and “purposefully and deceptively vague” accounting of what she’s owed financially.
A district judge in Harris County Texas has now granted Thee Stallion a temporary restraining order, preventing 1501 from permitting the release of Meg’s new music, a matter which she discussed on Sunday during an Instagram Live session.
“Soon as I said, ‘I want to renegotiate my contract,’ everything went left. It just all went bad. It all went left. So now they tellin’ a bitch that she can’t drop no music. It’s really just, like, a greedy game.” She revealed.
Her lawyer, Richard Busch, expressed his satisfaction about the small victory to TMZ.
“We are very happy the Court granted our TRO and thrilled that the world should be able to now hear Megan’s new music on March 6. We will now proceed with the other claims set forth in the lawsuit.”
Megan also took to Twitter to celebrate, tweeting “NEW MUSIC WILL BE DROPPING.”
NEW MUSIC WILL BE DROPPING 🙏🏽🔥— HOT GIRL MEG (@theestallion) March 3, 2020