J Prince Speaks ONMeg The Stallion Roc Nation Deal
J. Prince says For years we have stood by quietly as
MTS and her mgmt at Roc Nation has lied about Carl
Crawford and his 1501 label.
The truth is that Carl discovered, developed and fully
financed MTS early in her career which led to a life
changing distribution agreement for her with 300
From 1501's earliest agreement with Megan, long
before MTS was a household name ; 1501 generously
agreed to give Megan 40% of its PROFITS which is
substantially more than the customary record royalty
that a new artist receives from a record label.
Any attempt by MTS or RN to portray a contract that
provides a new unknown artist with 40% of the label's
PROFITS as unconscionable or unfair is blatantly false
and contrary to the customs or norms in the music
In fact, we have seen several RN contracts and RN
pays its new artists a customary royalty that is
significantly less than the 40% of PROFITS that 1501
agreed to pay Megan.
Accordingly any statements alleging 1501's contract
with MTS is unconscionable are blatantly false and
contrary to the facts or custom in the music industry
and are made with the specific intent to mislead and
interfere with 1501's contractual rights
In addition MTS has consistently and intentionally
breached her 1501 contract with impunity for years in
ways that are too numerous to list here - from entering
into agreements inconsistent with her contract, falsely
claiming publishing shares that belong to 1501 - failing
to notify, account or pay ancillary revenue; releasing
albums of outtakes and previously released material..