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Carl Crawford Speaks Out About The Megan Thee Stallion Situation

Things are heating up as Carl Crawford speaks out about his deal with Megan Thee Stallion, and how she may not be as much as a victim as she claims.

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CATCH UP: Megan Thee Stallion has went public about the unfair deal that she signed when she was 20 and just getting started. She states that when entering the deal she didn’t comprehend everything in the contract, BUT she signed it anyways. After signing with Roc Nation back in September, they pointed out some things in her contract that she didn’t understand and she simply requested that the label renegotiates her contract. Megan also stated that she wasn’t allowed to drop music because of the label. First, she alleges that she’s only been paid $15,000 from the label after earning more than a billion streams and selling over 300,000 individual track downloads, which equates to an estimated $7 million.

Megan has sine went to court and had a temporary restraining order placed on the label. The judge ordered 1501 Entertainment “to do nothing to prevent the release, distribution, and sale of Pete’s new records,” along with forbidding any interference with her or her career over social media or through her collaborators or associates

The Facts: Both side have said that in Megan’s contract, she is in a 60/40 deal. They’ve both also said that she did receive 15k from the label.

Carl’s Claims: Carl claims that Megan is flat out lying, and he has the receipts to prove it. Carl states that Megan signed with ROC Nation behind his back, and he found out about it in the media like the rest of the world did.

When it comes to Megan’s Contract:

“Let’s talk about your contract. It’s a great contract for a first-timer,” he offers. “What contract gives parts of their masters and 40% royalties and all that kind of stuff? Ask Jay-Z to pull one of his artists’ first contracts, and let’s compare it to what Megan got… I guarantee they won’t ever show you that.” via Billboard

Carl states that he had nothing to do with Megan’s contract. He says Megan’s mother (who passed last year) and T. Farris actually negotiated her contract with his lawyers and they came up with the numbers. Megan is in a 360 deal where there was a 70/30 split, with the label getting the 70%. The only reason that makes sense is because they also gave her a 60/40 split on her masters.

Now to put that in perspective, that is quite a solid deal, being that most artists don’t own any of their masters, especially not on their first album/works. It took Rihanna like 7-8 albums before she owned all of her masters. Chris Brown as well.

Carl also addresses the fact that she states she’s only been paid 15k.

How she been paid $15,000? As soon as we signed to 300, I wrote her a check for $50,000, and it’s signed with her name on the check. We can show you the proof. That’s another thing — I got all my receipts. They know it. I got all the receipts. We gave her a $10,000 advance when we first signed her and gave it to her mother. I don’t know what happened [with that]. 300 gave us a $200,000 check when we first signed. I gave her $50,000 of it. I didn’t have to give her that. That was mine at the time.

Now let’s be honest, when you look at Megan Thee Stallion, in comparison to other female rappers on the come up, she did have some kind of money behind her. Everything from the features with Wale, the EP buzz around Tina Snow, and the “payola” deal that had Hot Girl Summer being played on iHeartRadio every hour on the hour the day of it’s release…. and securing the biggest debut and chart position of her career. Lets just say she didn’t get all that because of her talent. Not saying she isn’t talented, BUT talent only gets you so far.

Lets just sit back and see where this goes…

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Celebs

Kanye West Now Worth Estimated $6.6B Thanks to Lucrative Gap, Adidas Deals

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Kanye West is now worth a staggering $6.6 billion, as revealed in a new Bloomberg report and confirmed by a rep to Billboard.

According to a private document obtained by the outlet, Yeezy – West’s sneaker and apparel business with both Adidas and Gap – has been valued at between $3.2 billion to $4.7 billion by the Swiss investment bank UBS Group. As much as $970 million of that total is tied to West’s new clothing line for Gap (under the Yeezy Gap label) that the retailer has slated for release by July, part of a 10-year agreement the parties signed in June of last year.

The document further reveals that Gap, an ailing brand whose partnership with West represents a play for younger consumers, expects its Yeezy line to break $150 million in sales in its first full year in 2022 and envisions it surpassing a billion dollars in revenue within eight years, or even as soon as 2023 on the upside. West stands to profit handsomely in any event, as he retains sole ownership and creative control of the Yeezy brand and earns royalties on sales under the deal, with the rate increasing as the business grows. He’ll also receive stock warrants when the collection hits sales targets, with the highest set at $700 million, according to a securities filing.

West’s longstanding deal with Adidas has been the most lucrative part of his business endeavors to date, with Yeezy sneakers continuing to fly off of shelves; according to the documents, the brand grew 31% to nearly $1.7 billion in annual revenue last year, netting Yeezy royalties of $191 million. West has been in business with the company since 2013, with their current deal running through 2026.

An unaudited balance sheet of West’s finances, provided to Bloomberg by his lawyer, shows an additional $122 million in cash and stock and more than $1.7 billion in other assets, including an investment in his wife Kim Kardashian’s underwear label Skims (Kardashian filed for divorce in February).

West’s music catalog is worth another $110.5 million, according to a 2020 valuation by Valentiam Group cited by Bloomberg.

The numbers revealed today represent a decidedly sharp turnaround for West, who in 2016 claimed to be $53 million in debt; at the time, he also took to Twitter to implore Facebook founder and CEO Mark Zuckerberg to invest $1 billion in his work. That was before West himself was named a billionaire by Forbes, which estimated his net worth at $1.3 billion in April 2020.

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Celebs

The Weeknd Still Pissed Over Grammy Snub

“I will no longer allow my label to submit my music to the Grammys.”

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The Grammys are coming this weekend, and it looks like it’s still bothering The Weeknd.

If you recall, The Weeknd was this years’ biggest snubbed artist. His song Blinding Lights has broken many records, such as longest Billboard Hot 100 Top 10 run. The songs success and album success also landed him the Super Bowl half time show last month.

From the Grammy Committee stand point…..they weren’t “wrong” in what happened. Although it was one of the biggest songs of the year, it was a tough field. Lets start off with the facts. Fact is, they tried to initially submit the song in the R&B genre, which would have given him a bigger chance of winning because R&B acts lately haven’t been as big as him. The committee rerouted him to the POP category, because the song is a POP song. In those categories, he is up against POP Stars like Taylor Swift, Justin Bieber, Dua Lipa, and new comer Doja Cat. They all had pretty big years, and in the POP world, The Weeknd isn’t really the biggest guy out there.

Moving on. A lot of Blinding Lights’ chart success was due to multiple factors, one being a pandemic and another being that he had a lot of radio play. While streams and sales were solid, they weren’t enough to keep him in the Top 10. I looked at a random week in July 2020 and he wasn’t even in Spotify’s Top 10.

In a recent interview with The New York Times, The Weeknd stated he would boycott the awards from now on. “Because of the secret committees,” the Weeknd said, “I will no longer allow my label to submit my music to the Grammys.

Some would see this statement as him standing up to a long standing, flawed system. For me, he is throwing a temper tantrum. He’s in the music industry to express his creativity and bring his art to life. The awards and accolades are merely bonus. To have this much attitude over a predominately white award show is an example of him feeling as if he was entitled to the awards. Crazy thing about it, he didn’t mention his displeasure for also being snubbed at the NAACP Image Awards.

At the end of the day, you win some, you lose some…but you live to fight another day.

Friday

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Movies

Is DaBaby having a “Yellowbone” baby?

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The folks are talking and its leaning towards “Yes”. “Yellowbone” singer, DaniLeigh, was spotted out and about sporting a baby bumb over the weekend.

Now the two had a very social media present relationship, that seemed to have ended not too long ago. The fact that she just popped out with this baby bump afterwards is a little….different. All that attention she was seeking on social media, and to not give a proper announcement is a little off brand. But it’s whatever. Congrats to the couple, praying for a healthy baby.

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