Megan Thee Stallion — 1501 Certified Entertainment Strikes Back Against Rapper’s $1 Million Lawsuit, Claims She Owes Them ‘Millions of Dollars’

Megan Thee Stallion — 1501 Certified Entertainment Strikes Back Against Rapper’s $1 Million Lawsuit, Claims She Owes Them ‘Millions of Dollars’

Megan Thee Stallion (real name Megan Pete) might have some trouble collecting the $1 million she claims 1501 Certified Entertainment owes her.

While the former First Lady of 1501 believes she is owed the money and then some, the record label is singing a different tune. They’ve since accused Megan Thee Stallion of, in so many words, forgetting where she came from when she started working with Jay-Z‘s Roc Nation.

According to the label,

“1501 is the record company that discovered MTS and signed her in 2018, back before she was the success she is now, and when no other record labels were interested in signing her. As soon as she became a star, MTS decided that she no longer needed 1501 or Carl Crawford, so she has pursued baseless legal actions in an attempt to get out of her valid contractual obligations.”

In fact, they believe it is actually the “Savage” rapper who should be paying them “millions of dollars” if anything. The representatives added,

“MTS’s claims against 1501 are wholly without merit and, in fact, MTS owes 1501 many millions of dollars for its contractual share of her Entertainment Income and music publishing income.”

As previously reported, Megan Thee Stallion asked a judge to grant her $1 million in damages because 1501 has allegedly refused to give her share of the royalties from her music. She, of course, still wants to be completely freed from the label, claiming her latest album Tramauzine, released on August 12, as well as Something for Thee Hotties, released in October 2021, both constitute an album and fulfilled the label’s required quota.

Following the request, 1501’s attorney Steven Zager said they hadn’t yet decided whether it would challenge Traumazine as a full album under Megan Thee Stallion’s contract. According to Steven Zager,

“We want to really analyze the new album. We don’t want to be unreasonable. I think she did that for the impact. I think at the end of the day, Megan owes 1501 lot more money that she claims 1501 owes her.”

As if the protracted court battle, the $1 million demand, and the repeated social media back and forth between Megan Thee Stallion and 1501’s CEO Carl Crawford weren’t enough — the judge has also mandated that Crawford and his business advisor, Rap-A-Lot Records founder J. Prince, appear for depositions in the case.

J. Prince did not take the news too well, and he made his feelings known. The music executive took to social media to let the world know he was the real mastermind behind the Grammy-award-winning rapper’s reported $8 million net worth. J. Prince wrote,

“For years we have stood by quietly as MTS and her mgmt at Roc Nation has lied about Carl Crawford and his 1501 label. The truth is that Carl discovered, developed and fully financed MTS early in her career which led to a life changing distribution agreement for her with 300 Entertainment.”

He added,

“From 1501’s earliest agreement with Megan, long before MTS was a household name ; 1501 generously agreed to give Megan 40% of its PROFITS which is substantially more than the customary record royalty that a new artist receives from a record label.”

What are your thoughts on the entire situation? Let us know in the comments!

[VIA]