J. Prince, is speaking out after being named in a lawsuit filed by Roc Nation & Megan Thee Stallion against 1501 Certified Ent.
Megan is currently in a legal battle against her record label. She claims that 1501 CEO, Carl Crawford, tried to prevent her from releasing new music after she asked to renegotiate her contract. The Houston rapper took the matter to court this week & obtained a temporary restraining order allowing her to drop a new project titled "Suga" on Friday.
Prince, who has been acting as an adviser to Crawford, took to his IG account on Thursday to speak on this latest lawsuit.
"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 shit straight," Prince wrote. "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 & 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," Prince continued. "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.
"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 & 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."
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