“I don’t want to sign to a new label right now because I just want to do it myself,” she said
NEW ORLEANS, LOUISIANA - JULY 02: Megan Thee Stallion performs onstage during night 3 of the 2023 ESSENCE Festival Of Culture‚Ñ¢ at Caesars Superdome on on July 02, 2023 in New Orleans, Louisiana., Megan Thee Stallion went on Instagram Live Thursday and revealed that she is not currently signed to any label and is self-funding her upcoming music project.
“The budget is coming from me. Motherfucking Hot Girl Productions! The next shit y’all about to see is all straight from Megan Thee Stallion’s brain, Megan Thee Stallion’s wallet,” she added. “We in my pockets, hotties, so let’s do our big one.” Megan Thee Stallion gives fans an update on her upcoming album; says she’s footing the bill while still fighting to get out of the record deal with 1501. “both constitute an ‘album’ as defined in the parties’ recording agreement,’ to satisfy the agreements of her contract with 1501. She also asked for at least $1 million in damages, upping the ante after her first lawsuit asked for non-monetary damage.
, the label argued that the relationship started to sour when Pete hired Roc Nation as her management firm in September 2019. Pete says Roc Nation simply helped her understand for the first time that her 1501 contract was not in keeping with industry norms. Instead of the standard 50-50 split of recording profits, Pete’s initial deal gave the label 60 percent of her recording income – with payments to outside parties such as producers coming out of her paycheck.
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