Megan Thee Stallion’s official name as of 2022 is Megan Peet. The rapper and her record label have parted ways.
Megan Thee Stallion and her former label reached a settlement in her year-long lawsuit this week, with both sides agreeing to part ways.
A lawyer for 1501 Certified Entertainment confirmed the deal to the Los Angeles Times on Friday, October 20, but declined to comment further. “Megan Thee Stallion and 1501 Certified are pleased to announce that they have reached a mutual and confidential settlement to resolve their legal differences,” they wrote in a statement posted on the label’s Instagram page. think.
“As part of the arrangement, both parties have agreed to part ways amicably,” the statement continued. “Both Megan and 1501 are pleased to put this matter behind them and move on to the next chapter of their respective businesses.”
Carl Crawford, the label’s founder and former MLB star and Dodger player, added in a statement: “All of us at 1501 wish Megan the best in life and career.” .
A representative for Megan Thee Stallion (real name Megan Peet) did not immediately respond to The Times’ request for comment Friday afternoon.
“unilateral” contract
A series of lawsuits filed against 1501 in Harris County, Texas, throughout 2022 are attempting to get Pete out of the label deal he signed with Crawford in 2018. The lawsuit claimed the agreement was “one-sided” and “unconscionable.”
Pete alleges in her complaint that the label owes her more than $1 million in unpaid royalties, has not promoted her music or allowed her to record new music with other artists, and has given her contracts below industry standards. He claimed to have tied the .
Additionally, Pete claims that the label intentionally did not classify her 2021 release, Something for the Hotties, as an album, and instead “tied” her to “under a contract for financial gain.” , the purpose was to force them to release more albums. 1501. ”
The lawyers in the 1501 and Crawford cases countersued, claiming that Pete owed them money. The label said Pete will be owed more than $10 million in revenue and royalties from touring, merchandise sales, sponsorships, endorsements and commercial work with other brands.
The label also said in court documents that Pete “consistently refused to follow the rules.” [contract] It’s a rule she doesn’t like. ”The label said that Something for Thee Hotties was not a full-length album, so Pete was still obligated to release a full-length album.
Last week, Megan Thee Stallion teased her upcoming project in a series of Instagram posts, sharing an image of her posing with vampire-like fangs along with an image of a snake and the title “Act One.” . In the caption accompanying two of the posts, she wrote, “Let’s get started.”
