Megan Thee Stallion's label 1501 Certified Entertainment has confirmed that it has settled its long running legal battle with the rapper and, as a result, they will now “amicably part ways".
The label said in a statement, according to Billboard: “Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses”. Label boss Carl Crawford added that he wished “Megan the very best in her life and career".
Megan Thee Stallion - real name Megan Pete - had various run ins with 1501. She claimed her contract with the label did not follow industry norms and was heavily skewed in 1501's favour. She also accused the label of stopping her from releasing new music. And there was a dispute over whether or not she had delivered the three albums that the label was due under its deal.
The latter dispute was the subject of the most recent litigation. Pete argued that she had delivered three albums and had therefore fulfilled her obligations to the label. 1501 countered that 2021's 'Something For Thee Hotties' was mainly a compilation of previously released freestyles and did not qualify as a proper album. Both sides also reckoned that the other side owed them money.
Pete last week indicated that maybe the ongoing legal battle with 1501 was at an end when she told fans on an Instagram Live stream that she would self-release her next record. She declared that: "I have no label right now and we’re doing everything funded straight out of Megan Thee Stallion’s pocket".
She added that she was excited about being an independent artist once again, musing that "it’s literally just me this go round, until we sign to a new label, but I don’t want to sign to a new label right now because I just want to do it myself".
It wasn't clear whether those comments were confirmation that Pete's legal battle with 1501 was at an end or whether it was just wishful thinking on the rapper's part. But yesterday's statement confirms that 1501 also agrees that Pete is now a free agent label wise.
Terms of the settlement deal between Pete and 1501 were not revealed.