AEG sues Young Thug for $6m over contract dispute
AEG Presents is suing Young Thug for the return of a US$5 million advance, plus damages, after accusing the rapper of breach of contract.
According to court documents obtained by AllHipHop, the promoter signed an agreement with Young Thug, real name Jeffery Williams, in 2017, giving AEG exclusive rights to his concerts.
However, AEG says that Williams went on to breach the contract almost immediately and kept booking shows on the side and pocketing performance fees.
“Despite having granted AEG the exclusive right to promote Mr. Williams’ concert performances under the terms of the 2017 Artist Agreement, YSL and Mr. Williams immediately failed and refused to honour their respective obligations under the 2017 Artist Agreement by, among other things, disregarding AEG’s rights, performing concerts without AEG’s involvement, and retaining all proceeds generated therefrom,” says AEG’s lawyer, Kathleen Jorrie.
AEG is seeking at least $6m in damages
The firm also claims Williams put up some of his intellectual property rights as collateral in the deal, and is seeking at least $6m in damages, plus the rights to Williams’ Young Stoner Life (YSL) brand and the name Young Thug, along with legal fees.
Williams has denied the claims and the case was originally set for trial in October 2022 after settlement talks failed. However, it has now been pushed back to October 2023 after Williams was charged in a separate RICO (Racketeer Influenced and Corrupt Organizations Act) case.
The show will go on for Rolling Loud 2017
Kendrick Lamar-headlined festival Rolling Loud has avoided cancellation after board members of the Bayfront Park Management Trust voted unanimously to allow it to go ahead as planned next month.
The major hip-hop event, promoted by Dope Entertainment, was facing the prospect of being called off following the revelation that its move to the 32-acre Miami park had only been signed off by one board member. Frank Carollo, the chairman of the trust which manages Bayfront Park, then called a special meeting “to vote on approval/denial of the use agreement for the Rolling Loud festival”, arguing that all uses of the park must be approved by the entire board.
Cue Rolling Loud’s lawyer, Jeffrey Bass, threatening the city with a lawsuit, warning that Dope had already sold close to 40,000 tickets and would suffer damages “well in excess of $30 million” if the event were cancelled.
“I feel like I got acquitted for a crime, and I know I didn’t do anything wrong. It’s crazy”
According to the Miami Herald, yesterday’s vote “went quickly, with little discussion save a few changes to the contract limiting when the festival can conduct sound checks and requiring that the festival increase its investment in off-duty police and firefighters to nearly $800,000”.
“I feel like I got acquitted for a crime, and I know I didn’t do anything wrong. It’s crazy,” said festival co-founder Tariq Cherif after the vote. “We should have never had to go through this.”
Rolling Loud – an “Ultra for hip hop” which took place at Soho Studios and Mana Wynwood in 2015 and 2016, respectively – will this year run from 5 to 7 May. Other performers include Lil Wayne, Young Thug, Future and A$AP Rocky.
Bayfront Park is also home to EDM event Ultra and an outdoor concert venue, Bayfront Park Amphitheater, booked by Live Nation.