Things are getting extremely messy in this Stallion stable.
1501 Certified Entertainment CEO Carl Crawford was apparently blindsided by Megan Thee Stallion’s claims the label was holding her music hostage after she attempted to renegotiate her contract. On Monday, a Texas federal judge granted Meg a temporary restraining order against both Crawford and 1501 ordering they “do nothing to prevent the release, distribution, and sale of [Megan] Pete’s new records.”
In a new interview with Billboard, Crawford not only admitted he didn’t think she was serious, but he also blatantly states that most of what Megan is alleging is untrue. Revealing that Megan owes the label over 2 million dollars and is simply trying to get out of it and go with what she believes is a bigger situation. “She just has so many holes in her story, and it’s almost on some delusional type stuff,” he said. “The bubble of Hollywood and her eight million followers has really clouded her head, because the stuff that she’s saying is not true. It’s a whole lie. Nothing is true that she said. Me being greedy and taking money from her, that’s crazy. I never tried to take nothing from her. The only thing we ever did was give, give, give. Now, she fell for the oldest trick in the industry: the conquer and divide theme.”
According to Crawford, after Megan signed to Roc Nation in September, she went radio silent, opting not to pay him or 1501 any of the money she owed. In Crawford’s eyes, the “Hot Girl Summer” MC’s tactics were to avoid paying him for merchandise and live touring proceeds owed to him through the terms of their deal, so that he would renegotiate her four-album deal contract that she initially signed with 1501. (Megan also signed a separate distribution deal with 300 Entertainment in 2019.)
“Let’s talk about your contract. It’s a great contract for a first-timer,” he offers. “What contract gives parts of their masters and 40% royalties and all that kind of stuff? Ask Jay-Z to pull one of his artists’ first contracts, and let’s compare it to what Megan got… I guarantee they won’t ever show you that.”
Finally, Crawford explained he feels they’re simply trying to make him look like a bad guy, even though his business partner T. Farris along with Megan’s later mothe came up with contract.
“It’s a great deal. She wants to talk about a bad deal — she’s disrespecting her mother by saying that, because her mother and T. Farris are the ones who did it. Those two worked out the deal with the lawyer. I didn’t even have nothing to do with it.”
Take a look at the full interview with Billboard here. What do you guys think of all of this?
