TRENDING
EXCLUSIVE: Young Thug Accused Of Diverting $16M In Latest Legal Battle

Published
7 months agoon

Young Thug sold his catalog, pocketing a staggering $16 million, but now AEG wants its share.
What started as a potential partnership between an artist and a corporate giant has devolved into a tangled legal battle over millions in unpaid debts, contested copyrights, and a catalog that was sold without AEG’s consent.
The entertainment giant claims rapper Jeffery “Young Thug” Williams violated a previous agreement when he offloaded copyrights tied to over 400 compositions—assets AEG says were supposed to serve as collateral for an unpaid loan.
They’re calling the sale an unlawful diversion, and the fight for the funds has only escalated.
The roots of the conflict date back to 2017 when AEG loaned $5.25 million to Young Thug’s label, YSL, in exchange for exclusive global rights to promote his live shows.
In return, YSL and Thugger had to repay the borrowed sum, including interest, while also sharing revenue from concerts that featured third-party promoters.
However, by 2019, the situation had soured.
AEG alleges that Young Thug and YSL not only defaulted on the loan, leaving a hefty $5 million outstanding, but also misrepresented their financial capacity to fulfill the repayment promises in the first place.
The legal battle was put on hold in early 2022 when Williams was incarcerated on unrelated criminal charges in Georgia, but with his plea deal finalized in October 2024, allowing him to serve 15 years’ probation outside of prison, the legal posturing will now pick up speed.
The saga took another turn when, in 2021, despite AEG’s legal claims looming, Williams offloaded a massive portion of his catalog—a decision that likely blindsided AEG.
According to documents unearthed by AllHipHop, the rapper netted over $16 million from selling his stake in hundreds of his compositions.
That sale created new problems as ownership of the copyrights shifted hands, adding complexity to a financial dispute already thickened by the artist’s legal troubles.
AEG, left empty-handed, claims Young Thug breached their 2017 contract and even lied to the new buyer by reportedly stating the works were free of any legal entanglements.
AEG is eager to proceed, pushing for more documentation and potentially bringing new parties into the lawsuit.
Now, they are chasing not only the original loan balance but also any earnings attached to the transferred copyrights, which AEG hopes could help recoup what they’re owed.
Meanwhile, discovery efforts continue.
AEG has been pursuing entities involved in the sales of the music rights, serving subpoenas and combing through public records to identify who currently holds the copyrights and where the money from the sale ultimately landed.
The corporation intends to decide in the next six months whether to expand its legal claims against additional parties or to explore other means of recovering the collateral tied to Young Thug’s music catalog.
As of now, with the trial on Williams’ criminal charges concluded, both sides are working toward concluding discovery on the copyright dispute.
The upcoming months could once again place Young Thug at the center of another high-stakes drama, this time involving songs that made him a superstar.
Grouchy Greg Watkins (@GrouchyGreg)
Source link

Jay-Z Joins Beyoncé for ‘Crazy in Love’ & More in Surprise Duet in Paris

Kristin Chenoweth to Perform National Anthem Before Game 7 of NBA Finals

Billy Strings Shares Heartbreaking News of His Mom’s Death at Kentucky Show

Cavin Yarbrough, Half of R&B Duo Yarbrough & Peoples, Dies at 72

Morgan Wallen Walks Out With Drake & Baseball Legend Roger Clemens at Second Houston Stadium Show

Exclusive Interview with Bassi Boss

Crucial Flamez: The Guyanese Flame Lighting Up South Florida’s Reggae-Hip Hop Scene

Exclusive interview with Strictly Sour

From Pain to Purpose: Jerard Rice is Starvin’ for Greatness in the industry

Celebrity HipHop’s Next Up: Exclusive Interview with J Menace

Clipse, Pusha T, No Malice – Ace Trumpets (Official Audio)

Turbo & Gunna – Classy Girl [Official Visualizer]

Ken Carson – Blakk Rokkstar (Audio)

Lil Durk – Vanish Mode (Official Audio)

NLE Choppa – Gang Baby (Official Music Video)
TRENDING


Jay-Z Joins Beyoncé for ‘Crazy in Love’ & More in Surprise Duet in Paris
The City of Love got to witness “Crazy in Love” live Sunday night (June 22) with Beyoncé and Jay-Z —...


Kristin Chenoweth to Perform National Anthem Before Game 7 of NBA Finals
At 4-foot-11, Kristin Chenoweth is still making it to the NBA Finals. The award-winning actress, singer, Oklahoma native, Oklahoma Hall...


Billy Strings Shares Heartbreaking News of His Mom’s Death at Kentucky Show
Billy Strings paid tribute to his mother during a concert in Kentucky, just hours after learning of her passing. Early...


Cavin Yarbrough, Half of R&B Duo Yarbrough & Peoples, Dies at 72
Cavin Yarbrough, half of the 1980s R&B duo Yarbrough & Peoples, has died at the age of 72. The singer-musician-producer...


Morgan Wallen Walks Out With Drake & Baseball Legend Roger Clemens at Second Houston Stadium Show
Morgan Wallen didn’t disappoint fans on the second night of his I’m the Problem tour stop in Houston on Saturday...