Megan Thee Stallion’s former manager, entertainment mogul Carl Crawford is speaking out about his relationship with his former artist.
Carl owns the music label 1501 Certified Entertainment – which is currently locked in legal drama with Megan. Megan is claiming that her deal was “unfair.” But if you listen to Carl’s recent Forbes interview, he gives the tea on how much he was paying Meg. And it sounds pretty fair to us
Carl tells Forbes:
“Typically, an artist is only offered what is called a ‘royalty deal’ where they collect an average of 10-12% in royalties, and sometimes less. We have given out profit-share deals, which are completely unheard of, especially for unestablished artists who have never released an album.”
MTO News asked around the industry – and confirmed that what Carl says is 100% true. One insider told us, “if Megan got a profit share deal as an unknown artist with NO album then she’s eating better than some of your favorite A-list artist who are struggling to get as much of the pie as she did from jump”.
So if these are the facts, Carl was handing out sweeter deals to artists just beginning in their careers than most major A-listers are getting at the prime of their careers.
The Forbes interview also hints that major labels have a practice of getting in the heads of artists and try to steal them from smaller independent labels like Carl’s, after all the hard work of building them is done.
Ouch!
We heard Megan is still technically under Carl’s label and hope they work it out soon for the culture.