Megan Thee Stallion has thrown James Prince, a music executive, and CEO of Rap-a-Lot Records, into the mix of her recent lawsuit over his “bullying and intimidating of artists.” The suit, not directed at him, but at 1501 Certified Entertainment, her former record label. She is now signed to Roc Nation. James Prince is listed in the lawsuit and affidavit because he consulted with 1501 Certified Entertainment owner over such things as the terms of her original contract. The contract she claims in unjust and takes 60% of her earnings.
“They take 30% of her tour and 30% of her merch revenue. After over a billion streams on Spotify and Apple Music, worth an estimated $7.3 million, she claims she only has been paid $15,000.”
Once Megan joined Roc Nation, she tried to renegotiate her contract with 1501 but was unsuccessful, and it prevented her from releasing her new album, Suga. To release the new album, the artist filed a temporary restraining order. But J. Prince fired back defending the contract and labels like 1501 and Rap-a-Lot, who take new artists under their wings.
J. Prince claimed that “Megan and her late mother “negotiated a good deal” with the label, that she got a 40% profit share is “a great deal, especially for an unestablished artist that till this day has never delivered an album,” and that the owner of 1501 Certified Entertainment, Carl Crawford, was “an angel in Megan’s eyes when he was spending hundreds of thousands investing in her career. Now that he’s helped her become a successful artist, she stopped paying him his percentage and views him as the devil.”
The more significant problem here, argues J. Prince, is not the contract but the issue of “culture vultures” in the industry referring to Roc Nation.
Prince added to the argument lays the blame squarely at Roc Nation’s feet, insinuating Jay-Z’s management company is trying to profit off 1501’s hard work building Megan’s career. He says, “These record labels and managers don’t want sh*t to do with these artists until the hard work, risk, sacrifices, and resources have been spent by the little guys.”