(EXCLUSIVE) August Alsina $3 Million Dollar Record Deal Lawsuit Dismissed

August Alsina

August Alsina

theJasmineBRAND.com exclusively reports, the legal battle between August Alsina and his former managers over the singer’s $3 million dollar record deal with Def Jam has been dismissed, with the Federal Court judge siding with the singer’s labels and throwing out all claims against Universal Music and awarding the ex-managers nothing from their suit.

Here’s the latest: On July 26th, the Federal Court judge came back with his decision and dismissed all claims against Alsina’s record labels explaining the lawsuit allegations directly contradict the claims in the lawsuit and therefore the management company was shut down and was awarded nothing from their $450k+ lawsuit. 

august alsina selfie-the jasmine brand

Here’s the backstory: Dynasty Management filed suit against Universal Music Group and August Alsina last year. The company accused the singer of breaching an exclusive management contract. Back in 2009, the singer’s mother, Sheila Sanders, signed an 1-year exclusive contract with Dynasty Management. Per the deal, the company would retain ownership of all work during the contract and 15% of proceeds made by Alsina.

They explained they spent a substantial amount of money to launch his career, including shaping him into the artist he is today — by covering recording costs, helping to cultivate his image, paid travel expenses and spending money to promote his music.

Dynasty Management said they selected the hit single “That Boy” to promote the singer with labels like Def Jam & Interscope.

Then in 2009, they explained Alsina stopped answering or returning their calls, texts and emails. His mother claimed Alsina had “run away’ from home and couldn’t be reached, which they said was a lie because shortly after he signed a management deal with a company named Noontime — who were responsible for obtaining a $3 million deal with Def Jam.

They accused the artist of breaching their deal and screwing them out of their 15% cut. They also accused Universal Music and Def Jam of interfering with their exclusive deal.

The management company filed suit demanding 15% of the $3 million dollar deal the singer signed along with their cut of profits for all concerts and other deals.

August Alsina Clears Up Cervix Rumors-2014-The Jasmine Brand

Universal Music fired back demanding the lawsuit be tossed out of court, due to the deal signed by the singer & Dynasty Management not stating Alsina’s records were owned by the company.

The label said the management deal didn’t cover his recording and denied interfering with any contract.

 

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Authored by: Kellie Williams