After an arduous legal battle spanning more than three years, American rapper Megan Thee Stallion and her record label, 1501 Certified Entertainment, have finally put an end to their war.
Megan’s feud with 1501 began over three years ago when she alleged that the company had hoodwinked her into signing an unjust record deal in 2018, one that fell far short of industry standards.
According to the rapper born with her legal name Megan Jovon Ruth Pete, it was only when she entered a new management deal with Jay-Z’s Roc Nation in 2019 that she enlisted the aid of “real lawyers” who revealed the deal’s inherent inequities.
We're now on WhatsApp. Click here to join.
The saga began in 2020 when Megan filed a lawsuit against the label, citing 1501’s preventing her quest to release music.
Related: Trey Songz Accused of Sexual Assault: Lawsuit Filed by Two Women
But last week, Megan hinted at a potential resolution, revealing during an Instagram live stream that she had severed ties with her label. She boldly declared that she was funding her projects out of her own pocket, embracing true independence.
“I have no label right now and we’re doing everything funded straight out of Megan Thee Stallion’s pocket so the budget is coming from me,” she said.
She continued adding that; “I’m so excited to be doing something for the first time independent since it was just me and my momma. It’s really just me until we sign to a new label. I don’t want to sign to a new label right now because I just want to do it myself.”
Megan Thee Stallion and 1501 Certified Entertainment Settle Issue
In a welcome turn of events, 1501 has now released a statement confirming that both parties have mutually agreed to a confidential settlement, ending their legal disputes amicably. This marks a new beginning for Megan Thee Stallion and 1501 Certified Entertainment as they set their sights on the next chapters of their respective journeys.
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 “amicably part ways.”
“Megan Thee Stallion and 1501 Certified Entertainment are pleased to announce that they have mutually reached a confidential settlement to resolve their legal differences. As part of the arrangement, both parties have agreed to 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. All of us at 1501 wish Megan the very best in her life and career.” a rep for the label said in a statement.
