Last month rapper Young Thug was released from the Fulton County Jail after accepting a plea deal, ending his two-year-long RICO trial [click here if you missed that].
Now Thugga is being sued by AEG for diverting money after selling his music catalogue...
Young Thug sold his catalog for an eye-watering amount while he was locked up – but he may have to give up a huge portion of that money thanks to a lawsuit.
Young Thug sold his catalog, pocketing a staggering $16 million, but now AEG wants its share.
What started as a potential partnership between an artist and a corporate giant has devolved into a tangled legal battle over millions in unpaid debts, contested copyrights, and a catalog that was sold without AEG’s consent.
The entertainment giant claims rapper Jeffery “Young Thug” Williams violated a previous agreement when he offloaded copyrights tied to over 400 compositions—assets AEG says were supposed to serve as collateral for an unpaid loan.
They’re calling the sale an unlawful diversion, and the fight for the funds has only escalated.
The roots of the conflict date back to 2017 when AEG loaned $5.25 million to Young Thug’s label, YSL, in exchange for exclusive global rights to promote his live shows.
6 comments:
A dude in sequins, leopard print , satin or ruffles, is an absolute NO. ( Only Prince could get away with that)
Yup, thugs don't wear sequins.😂😂
Yt slick
Thugga slick too
Had to pay for those lawyers somehow. They will drain you dry and make u sell your assets
“Live shows” they bugging for having their hand out. He can still honor the contract by doing the agreed upon live shows.
Jeffrey was desperate if he sold 400 musical compositions and arrangements for $16 million.
MJ use to wear sequin glove and socks but, Prince is the one that pops in everyone’s mind for it first. RIP to both of their genius. 🎼 ☔️
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