Megan Thee Stallion has settled her three-year-long legal battle with her former record label.
Megan and her former record label, 1501 Certified Entertainment, have reached a settlement after a lengthy three-year legal battle.
Attorneys for 1501 announced on Thursday that the two sides had “mutually reached a confidential settlement to resolve their legal differences”, adding that they will now “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,” the record label added.
In the same statement, Carl Crawford, 1501’s CEO, said that he and the rest of the company “wish Megan the very best in her life and career”.
The legal battle began when the WAP hitmaker alleged the record label had tricked her into signing an unfair record deal in 2018, the year before her career took off. Megan claimed the deal was below industry standards.
The musician stated that when she signed with Jay-Z’s management Roc Nation in 2019, she realised that the deal was “crazy”, after working with “real lawyers”.
In February 2022, Megan accused 1501 of refusing to count her 2021 release, Something for Thee Hotties, as an album, during the period when she was required to produce three albums under her record deal. 1501 then countersued arguing that the compilation album only contained 29 minutes of original material.
In August 2022, the rapper filed an additional complaint against the label, stating that they had “systematically failed” to pay enough royalties and had “wrongfully allowed for excessive marketing and promotion charges”.
She was seeking over $1 million (£819,000) in damages.
1501 responded by stating that the damages demand was “baseless”, adding that Megan was the one who owed them “millions of dollars”.
Financial details of the settlement have not been made public.