LOS ANGELES, CALIFORNIA: During a recent Instagram Live session on Thursday, the rapper, Megan Thee Stallion, disclosed that she is no longer under a label agreement and will independently finance her future music endeavors.
This revelation, captured in screen recordings circulated by fans on social media, marks a significant shift in her approach to her musical career.
Why did Megan Thee Stallion sue her own label?
In 2020, Megan Thee Stallion initially became embroiled in a legal dispute with 1501 Certified Entertainment, the label founded in 2016 by former MLB player Carl Crawford.
Reportedly, she filed a lawsuit against the label, claiming that they were hindering her from releasing music and showing reluctance to participate in negotiations or terminate a contract she deemed "entirely unconscionable."
In 2022, Megan Thee Stallion filed another lawsuit against the label, this time concerning the classification of her 2021 compilation album, "Something for Thee Hotties."
The dispute revolved around the determination of whether the compilation qualified as an "album" under the terms of their agreement.
Subsequently, Megan revised her initial complaint, seeking an amendment that included a demand for $1 million in damages.
How much is Megan A Stallion worth?
Megan Thee Stallion possesses a substantial net worth of $12 million, which could have been even more significant if not for her legal dispute with the record label 1501 Certified Entertainment.
Megan contends that her contract with 1501 allowed her "literally do nothing while at the same time taking for themselves the vast majority of [her] income from all sources" as per Cosmopolitan.
Further, according to Rolling Stone, the terms of the contract dictated that 1501 Entertainment received a 30 percent share of "almost all of Megan's sources of income."
What are Megan Thee Stallion's plans for working without a label?
According to Daily Mail, Megan expressed her positive outlook on working without a label, viewing it as a significant step forward for her career.
In her own words, "I'm so excited to be doing something for the first time independent since it was just me and my mama. So excited cause it's really just me this go around until we sign to a new label".
The acclaimed artist, Megan Jovon Ruth Pete, also emphasized, "We're doing everything funded straight out of Megan Thee Stallion's pockets. So, the budget is coming from me."
With a spirited declaration of "Motherf***ing hot girl productions," she rallied her fans, the "hotties," to join in the excitement and support.
Furthermore, Megan expressed her comfort with the current status of being an independent artist, highlighting a sense of empowerment in taking control of her projects and finances.
'Megan Thee Stallion is taking charge of her own destiny'
Fans are surprised at the recent developments with one saying, "Amazed a record label would let her go... whoever her manager is or whatever cibtract (sic) she signed, artists getting smarter. No more holding em (sic) hostage..."
Another quipped, "Megan Thee Stallion is taking charge of her own destiny! Independent power and self-investment. Can't wait to hear what she creates".
One Twitter user said, "Freakin love to see this, more power to her!! Music industry historically has been everything but artist-friendly so need to support an artist whenever they decide to try it on there (sic) own!"
While another wrote, "Independent is the best move always if you can manage it."
One fan commented, "We love this for her! Our avatars can’t wait to see her serving looks and hits."
