Two years ago Houston rapper Megan Thee Stallion was released from her contract with 1501 Entertainment, after a three year legal battle [click here if you missed that].
1501 CEO, Carl Crawford, admits he would do things differently if he had a second chance with Meg...
From Brian Zisook
I spoke with Carl Crawford about rebuilding. After a turbulent contract dispute with Megan Thee Stallion that tested his label, he’s focused on starting a new era.
“I went from being seen as a hard-working athlete to the villain in music overnight.”
When Crawford started 1501 in 2016, his goal was clear: to break the next superstar out of Houston.
Crawford invested $6M of his own money, built recording studios, and signed artists straight out of his neighborhood, intending to shine a light on the talent in his hometown.
Megan Thee Stallion became the breakout star Crawford sought, but their public fallout put 1501 under scrutiny. Crawford says their three-year-long legal battle cost him financially and made artists hesitant to sign with him.
When Megan signed to 1501 in early 2018, she entered into a “360” deal with Crawford’s label, meaning they took a percentage of multiple revenue streams—including master royalties, touring, and merchandise.
Crawford now admits he structured her deal differently than he would today.
“I didn’t fully understand the business at the time,” he told me. “Back then, we just came in with a number—like us taking 40 percent of [her] net [profit]. That was just me not knowing the business.”
Now, Crawford says he’s taking a different approach. He’s focused on artist development, offering more “standard contracts” and ensuring he’s directly involved in label decisions. “I don’t let anyone control what I’m doing anymore,” says Crawford.
14 comments:
How you gon take 40% of somebody's coins and think it's okay? And who killed Takeoff?
He's full of $h!t. He could have asked someone. He was just greedy and it back fired on him. Good that other artists kicked him to the curb. He had plenty of time to correct everything while she was signed to him
Now he's a broke seed now.
You live and you learn
She gone bruh. Jay took her.
I find it funny how this man can now come to this revelation after having destroyed this woman’s reputation he put out statements against this woman in writing and in video form he made it seem like she was the problem and that she was trying to get over on him after all he did was help her. The most diabolical part about all of this is he did this during a time that she was fighting to have someone locked up who assaulted her with a gun he did this, knowing that it would make it look as if she was a liar and a problem and now he casually admits that he was wrong, and if he could do things differently, now, he would see how they are allowed to lie on people and when they feel they want to admit the truth it’s OK based on the way he was acting at the time during all this toy stuff. It also made people think man this woman is a problem man. She must be lying if her own label her own manager is saying she is a problem and a liar. This is foolishness and this is crazy.
The contract she signed is the norm and like all artist, they find out it is a trash contract and they move on.
This is the face of s dummy.
I feel his pain.
It’s like having the baddest b!tch and now she gone and doing better than when she was with you. Yeah. Go shoot your self loser.
9:30 He did ask someone - He was taking advice from Houston don J Prince - had him out here running 1501 like a mob outfit. now look at him.
^ He asked another abuser and thief. Wow
When making assessments about something I don't know about I ask more than one person to get a better understanding. If everyone says the same thing then it must be so.
Speak on the drowning that happened on your property.. do not give a darn about your issue with Meaghan.
He saw the bag she got without him and changed his tune.
12:53pm thank youuuuu cuz I forgot about that!!! Over there running a criminal enterprise po tink better be careful fo he end up with a rico
Translation: My true character and real nature that was hidden by being a celebrated athlete was revealed to be more like a shady record exec and I have never recovered so yeah I feel bad now. And free Tory too lol
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