Legendary Rap-A-Lot boss J. Prince is now speaking about the friction with ‘Hot Girl’ Megan Thee Stallion and her record label, 1501 Certified Entertainment. He calls the lawsuit filed by Megan and Roc Nation lawyers full of “slanderous lies on my methods of doing business.” He also name checks Jay Z, but puts that subject on pause for now.
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BREAKING NEWS ALERT ‼️Houston we have a problem Megan, along with Roc Nation Employee Geetanjali Grace Lyer decided to include my name in a lawsuit wrapped around lies and stupidity. We gone get this shit straight. – – Now let’s deal with the root of this issue. The root is a familiar one for me coming from a successful independent record labels perspective. We as independent record labels make many sacrifices along with our artists. After we do all the hard work together with artists, it’s a known fact that major record labels and established managers attempt to poach the fruits of our labor. – – One of the first things they do is criticize the deal that raised that artist from the dead. These record labels and managers don’t want shit to do with these artists until the hard work, risk, sacrifices, and resources have been spent by the little guys. This is the same technique of the culture vultures. I didn’t allow this to happen to me when New York and LA record labels attempted to take my artists- so they labeled me as malicious for fighting back. I didn’t allow it then so I damn sure ain’t gonna allow it to happen to 1501 Records or any of the other independent record labels that I’m associated with. – – For the record we have no problem with negotiating with Megan but we do have a problem with dictators. I find it very interesting that Roc Nation would allow their employee to sign an affidavit and statement full of slanderous lies on my methods of doing business when we have partnered together on several occasions. I don’t think Jay Z is aware of this but only time will tell. – – Megan even though she signed an affidavit, talked down, and lied in court documents on me… I understand how lawyers brainwash artist to milk them of funds in lawsuits that they know they can’t win. Megan seems to be a perfect candidate for self destruction. Any artist in the music industry will testify that a 40% profit share is a great deal especially for an unestablished artist that til this day has never delivered an album. – – To end this I give credit to where credit is due. Megan along with her mother, who evidently could read (God rest her soul), negotiated a good deal.
Of course, a big issue is renegotiation and whether Megan can continue to release new music while she and the label are at odds. A judge, in an emergency fashion, has ordered that she can release, but from what we know that order is being challenged.
Essentially, J. Prince wants people to know that what’s happening in the situation with Megan is the same as what always happens… An independent record label puts in all the hard work, time, and monetary investment for an artist, only to have New York and L.A. labels swoop in to steal the fruits of their labor. He says….
“I didn’t allow this to happen to me when New York and L.A. labels attempted to take my artist – so they labeled me as malicious for fighting back. I didn’t allow it then so I damn sure ain’t gonna allow it to happen to 1501 Records.”
J. Prince also says the 60/40 split referenced in the lawsuit is actually about profit sharing, not just budget – he says Megan is actually getting an awesome deal, as negotiated by her late mother. If those numbers are true, it would seem Megan’s deal is extraordinarily good, especially given she was nowhere near an established artist at the time, four or five years ago.
He also says they are willing to renegotiate with Megan, but says they “do have a problem with dictators”… apparently a reference to Megan’s Roc Nation management. J. Prince reiterated his belief that Megan Thee Stallion lied in court documents about him and he says… “Megan seems to be a perfect candidate for self destruction.”
She’s set to drop her first real studio album tonight at midnight, March 6th, and she’s calling it Suga. It appears to only have nine tracks – but if it’s hot, run it.