@theestallion, Contracts, and the Business of Music at a Young Age

Megan Thee Stallion
Erik Voake/Getty Images for Roc Nation
I do not own the copyrights to this image.

Megan Thee Stallion is in for a big lesson when it comes to finance and contracts. March 1, Megan shared a video via Instagram dishing her contract details with 1501 Entertainment, and its CEO Carl Crawford, who’s an ex Major League Baseball player. She stated that she didn’t understand or know the verbiage that was in the contract that she signed at 20 years of age (now 25), and when she finally got a real management team with lawyers through her management deal with Roc Nation, they brought the details up to see if she understood the terms. She stated she didn’t and wanted to renegotiate. The label isn’t in favor of her releasing new music but is being sued by the artist who is seeking the termination of her contract and a temporary restraining order that has been granted by a judge in Harris County, Texas, to allow her to release new music.

Megan has accused the defendants of common law fraud, breach of contract, fraudulent inducement, fraud by non-disclosure, tortious interference with prospective business relations, violation of the Deceptive Trade Practices Consumer Protection Act, negligent misrepresentation, breach of fiduciary duty and negligence. The plaintiff is seeking a temporary and permanent injunction and a declaration that her contract is “unconscionable, unenforceable and/or void.”, according to the court documents obtained by E! News.  The restraining order will expire March 16, 2020 at 11:59 PM.

What can we learn from this?

It’s important to ask questions when negotiating agreements and understanding all the terms. If you can’t afford a lawyer, it’s important to consult with people in the industry. It’s better than signing something then later having to renege on your business deal.

Yes Megan was young, and I do side with her being taken advantage of because it’s a painful history of artist being incarcerated in deals that do not serve them but those who invest in their capital to record, release, promote, and distribute their art deserve a return (ROI). I hope that this situation can be worked out because everyone deserves an accurate return based on their investment.

Chicago Demonstrators: @Official_Tink and @GHerbo Dropped New Projects for the Culture.

Chicago has been lighting up the cultural market with authenticity. Tink dropped Hopeless Romantic February 14, Valentines Day and G Herbo dropped PTSD February 28; only one has been trending.

Image result for g herbo album cover
PTSD Album Cover, I do not own the rights to this image.

PTSD has gotten its praise for addressing the mental and behavior illness that not only plagues the city but others across the world who is prone to violence. Following his firearm arrest in 2018, Herbo went to see a therapist, suggested by his lawyer, and was diagnosed with Post Traumatic Stress Disorder (PTSD); the inspiration for the album, the No. 4 album in the country, making it the highest charting project according to Complex.

We’ve been victimized and we don’t even know it. It’s a real mental illness, and we’re immune to it. These kids have no aspirations except what’s in front of them. They think it’s their fate. It’s transfers over to generations.

G Herbo in his interview with Billboard’s Micheal Saponara

It’s a big topic, not only in hip hop but in culture and politics (just look at the conversations surrounding Trump). Honestly someone needed to bring the subject to the forefront to be addressed because Chiraq has swallowed the truth of Chicago.

I do not own the copyrights to this image.

Tink addresses relationships and the issues of confused females who really need therapy. Her honesty of emotional behavior issues and giving the most of yourself to a time sensitive situation of being in love and trying to get over it. It represents the truth of what mating looks like in the city and beyond, of course it’s not just an urban legend but look at love and hip hop or other presentations of love that represents urban culture.

Even though one album is trending and the other hasn’t received as much attention for its content both are worth the listen to understand mental health and substance abuse issues. Tink and G Herbo are the voices of the new generation of Chicago. They are demonstrating the culture that raised them and the only thing you can do is listen for understanding.

Paper Chasin Tour with @ChicagoExecutives & @BlueCheezGang

Lomabard, IL-Paper Chasin Tour presented by Chicago Executives in cooperation with TellyVizion & Dollar 4 Dollar Ent, started in Chicago providing connections to indie artist to help foster professional connections and brand equity through performance and press. Hosted by Bree Specfic from Power 92 Chicago & Maine Hodge with DJ Slugo on the sounds. Event Coverage by the one and only Blue Cheez Gang, and a host of others.

Follow Blue Cheez Gang and watch more videos from our channel. Video Premieres at 7 P.M.

Our goal is to develop and prepare talented artist for management while providing resources to be successful in the industry”

Chicago Executives

@TeyanaTaylor Gives @RacheLeigh a Lap Dance During Her Performance In Chicago

 

If you missed Teyana Taylor when she came into town, you can click here to recap.  A segment in her show she gave out a lap dance with her supportive dancers. Her muse was Ryan Henry’s girlfriend/baby mama who also happens to be American Singer-Songwriter Jeremiah’s baby mama, Rachel. Press play and watch the show.

 

Check out more images from the show !

Photo Credit: Taylor Johnson of RoyalT Media