I know Meg has to be drained the hell out when it comes to battling these court cases. Between the on-going saga with that leprechaun and what seemed to be another never-ending story with 1501… I can only imagine. But now she can finally breathe a sigh of relief in both cases.
While Megan Thee Stallion has been scoring Grammys and plaques, among other accolades, she’s also been in a very long and nasty legal battle with her label 1501 Certified Entertainment. It all began when she attempted to renegotiate the terms of her contract which she signed when she was only 20 years old and later escalated to the point where Meg accused them of blocking her from releasing new projects and even withholding money from her that she was owed.
Now, after more than three years of litigation, attorneys for 1501 announced Thursday that the two sides had “mutually reached a confidential settlement to resolve their legal differences.” Under the deal, Megan and 1501 will finally “amicably part ways.”
“Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses,” 1501 said. In the same statement, the label’s president Carl Crawford said that he and his company “wish Megan the very best in her life and career.” Of course, details of the deal, including whether or not some coins were moved around, were not disclosed… but I think we can all just be satisfied knowing Megan can move on.
The settlement could signal the start of a heated competition to sign a new record deal with Megan, although last week she was quoted via IG live stating that she was going to be funding her latest upcoming project herself and wasn’t interested in another deal based on all she was dealing with. However, I’m sure her new found freedom and ability to put all this behind her could quickly change that.
Megan had been fighting with 1501 for more than three years, claiming the company duped the young artist into signing an unfair record deal in 2018 that was well-below industry standards. She says that when she signed a new management deal with Jay-Z’s Roc Nation in 2019, she got “real lawyers” who helped her see that the deal was “crazy.”
It’ll be interesting to see where this new chapter takes Thee Stallion. What are your thoughts?