Megan Thee Stallion & 1501 Certified Entertainment Part Ways

Megan Thee Stallion has settled with 1501 Certified Entertainment, ending her dealings with the file firm. As The Shade Room beforehand reported, the rapper filed a swimsuit in opposition to the label in 2020.

According to Billboard, the “Savage” rapper accused the label of signing her to an “unfair record deal” in 2018. As the years went on, the swimsuit reportedly grew with further litigation and Megan Thee Stallion finally searching for $1 million in damages.

RELATED: Megan Thee Stallion Wins Small Victory In Ongoing $1 Million Contract Battle With 1501 Certified Entertainment

More Information Regarding Megan Thee Stallion & 1501 Certified Entertainment’s Settlement

Billboard experiences that attorneys for 1501 Certified Entertainment introduced the settlement Thursday. The outlet provides that each events have “mutually reached a confidential settlement to resolve their legal differences.”

Furthermore, the settlement marks a brand new chapter as Megan Thee Stallion and the file label “amicably part ways.”

“Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses,” the legal professional’s assertion reads, per Billboard.

Additionally, the official Instagram account for 1501 Certified Entertainment shared a screenshot of the legal professional’s full assertion and phrases from the label’s CEO, Carl Crawford.

Crawford reportedly needs the rapper “the very best in her life and career.”

According to Billboard, “specific terms of the deal,” together with any financial trade, haven’t been publicly disclosed.

The Rapper’s Settlement With Her Former Label Arrives On The Heels Of Recent Public Statements

Megan Thee Stallion’s settlement with 1501 Certified Entertainment arrives simply days after she took to Instagram Live to get candid with followers final week. During the stream, the 28-year-old shared that her upcoming album is “very much funded by Megan Thee Stallion.”

Additionally, she defined that she has “no label right now.”

“This part of my album is definitely very much funded by Megan Thee Stallion because, you know, we trying to get off,” the rapper defined as her voice trailed and he or she started laughing. “Y’all know what’s the tea… but I have no label right now and we’re doing everything funded straight out of Megan Thee Stallion pockets…”

The 28-year-old confirmed for followers that the “budget is coming straight” from herself.

“The next s**t you’re about to see is about to be all from Megan Thee Stallion’s brain — Megan Thee Stallion’s wallet,” the rapper reiterated. “We [are] in my pockets, hotties! So let’s do our big one ’cause we’re really doing our big one.”

Before concluding her statements, Megan Thee Stallion shared that she is “so excited” to be working independently for the primary time for the reason that early days of her profession.

“I don’t want to sign to a label right now, I just want to do it myself…” the 28-year-old defined.

Check out her full statements under!

A Brief Look At The Legal Proceedings Between The Rapper & 1501 Certified Entertainment

As The Shade Room beforehand reported, Megan Thee Stallion initially filed a swimsuit in opposition to her former label in March 2020. At the time, the rapper alleged that she signed an “unfair deal” with the label in 2018, per Billboard.

Additionally, the rapper alleged that 1501 was “keeping her from releasing new music,” per The Shade Room. Furthermore, the rapper alleged that she solely acquired 40% of her recording revenue, which she allegedly had to make use of to pay “engineers, mixers and featured artists.”

Carl Crawford would later reply by labeling the rapper’s allegations false and including that she signed a “great contract for a first-timer.” Additionally, Crawford reportedly voiced his frustrations concerning the rapper signing a administration take care of Roc Nation whereas she allegedly owed him $2 million.

RELATED: Carl Crawford Responds To Megan Thee Stallion’s Lawsuit Against His 1501 Label, ‘Nothing Is True That She Said’

In December 2022, a decide dominated that the rapper’s 2021 album, “Something For Thee Hotties,” would rely as an official album launch beneath her contract 1501. Additionally, this meant that when Megan Thee Stallion’s $1 million swimsuit in opposition to the file label was resolved by trial, it could formally fulfill her contract with the label and finally launch her from obligation, per The Shade Room.

In February 2023, Crawford would finally apologize for his long-standing feud with the 28-year-old. Additionally, the label head would apologize for “standing with Tory Lanez” as Lanez’s assault case unfolded in opposition to Megan.