Only a few hours left before Megan Thee Stallion drops her new music against the wish of her record label, and the label are already hating her for that. The label executive, J. Prince issued out a statement calling her a liar and stupid for filing a lawsuit.
The record label executive J. Prince who issued a long statement countering the allegations levelled against him and the label by Megan Thee Stallion, said:
“BREAKING NEWS ALERT: Houston we have a problem, Megan, along with Roc Nation Employee Geetanjali Grace Lyer decided to include my name in a lawsuit wrapped around lies and stupidity. We gone get this s*** straight,”
He continued, “Now let’s deal with the root of this issue. The root is a familiar one for me coming from a successful independent record labels perspective. We as independent record labels make many sacrifices along with our artists.
After we do all the hard work together with artists, it’s a known fact that major record labels and established managers attempt to poach the fruits of our labor.”
“One of the first things they do is criticize the deal that raised that artist from the dead. These record labels and managers don’t want shit to do with these artists until the hard work, risk, sacrifices, and resources have been spent by the little guys.
This is the same technique of the culture vultures. I didn’t allow this to happen to me when New York and LA record labels attempted to take my artists- so they labeled me as malicious for fighting back. I didn’t allow it then so I damn sure ain’t gonna allow it to happen to 1501 Records or any of the other independent record labels that I’m associated with,” he continued.
“For the record, we have no problem with negotiating with Megan but we do have a problem with dictators.
I find it very interesting that Roc Nation would allow their employee to sign an affidavit and statement full of slanderous lies on my methods of doing business when we have partnered together on several occasions. I don’t think Jay Z is aware of this but only time will tell,” he posted.
The music executive also blames the lawyers for pressuring Megan to file the lawsuit in the first place, saying, “Megan even though she signed an affidavit, talked down, and lied in court documents on me… I understand how lawyers brainwash artists to milk them of funds in lawsuits that they know they can’t win. Megan seems to be a perfect candidate for self-destruction. Any artist in the music industry will testify that a 40% profit share is a great deal, especially for an unestablished artist that til this day has never delivered an album.”
He said independent labels often dump resources into a new artist, taking all the risk, hoping someday they blow up like Megan Thee Stallion. But, that’s when they should be rewarded for their effort.
He ends his comments like this, “To end this I give credit to where credit is due. Megan along with her mother, who evidently could read (God rest her soul), negotiated a good deal. I extended my hand to meet with Megan, T Farris, and the team personally for further negotiations. Unfortunately, it never happened even though we’re all in Houston because she’s being controlled by the very people who started this shit.
The homie Carl was an angel in Megan’s eyes when he was spending hundreds of thousands investing in her career. Now that he’s helped her become a successful artist she stopped paying him his percentage and views him as the devil. I’m glad money don’t make me. I make money.”he said.