Young Thug Hit with $5 Million AEG Lawsuit Over Touring Agreement and Copyright Dispute

Young Thug Hit with $5 Million AEG Lawsuit Over Touring Agreement and Copyright Dispute

By Marcus Bennett

November 24, 2024 at 06:02 PM

Young Thug faces a $5 million lawsuit from AEG over an alleged breach of a 2017 touring agreement. The entertainment company claims Thug failed to repay a $5.3 million advance and violated exclusivity terms by performing unauthorized shows.

Young Thug wearing sunglasses and jewelry

Young Thug wearing sunglasses and jewelry

The dispute intensified when AEG discovered Young Thug had sold over 400 copyrighted songs for $16 million in 2021 - songs that were allegedly used as collateral for the advance. AEG is now investigating this sale through subpoenas to 15 related entities, suggesting possible fraudulent activity.

The lawsuit was temporarily paused due to Young Thug's criminal case involving racketeering and sex trafficking charges. After pleading guilty and receiving probation, AEG resumed legal proceedings.

Key Points of Contention:

  • $5.3 million unpaid advance from AEG
  • Breach of exclusive touring agreement
  • Disputed sale of 400+ song copyrights
  • Potential fraudulent transfer of assets

Young Thug's legal team maintains the copyright sale was legitimate, requesting additional time to address the allegations following his recent release from prison. Meanwhile, AEG claims private negotiations have failed, necessitating continued legal action.

The case's outcome could significantly impact Young Thug's finances and creative control over his music catalog, while potentially setting precedents for similar entertainment industry contracts. Both parties await a resolution through either settlement or trial.

Facts About the Case:

  • Filed initially in 2020
  • Involves touring agreement from 2017
  • Copyright sale occurred in 2021
  • 15 entities subpoenaed regarding copyright sale
  • Case resumed after Thug's criminal case concluded

The lawsuit remains active with both sides preparing for possible trial if settlement negotiations fail. The resolution will determine the ownership of valuable music rights and potentially millions in monetary damages.

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