T.I. Takes Legal Action in Explosive Fight to Reclaim His Masters
T.I. is making it clear he’s not backing down when it comes to his business. The Atlanta rapper has filed a lawsuit against Cinq Music over a dispute involving his music catalog. Full story below… A decade after Cinq acquired much of T.I.’s recorded music, the rapper claims the company has failed to honor its end of the bargain. » Read more about: T.I. Takes Legal Action in Explosive Fight to Reclaim His Masters » The post T.I. Takes Legal Action in Explosive Fight to Reclaim His Masters appeared first on ..::That Grape Juice.net::.. - Thirsty?.
T.I. is making it clear he’s not backing down when it comes to his business.
The Atlanta rapper has filed a lawsuit against Cinq Music over a dispute involving his music catalog.
Full story below…
A decade after Cinq acquired much of T.I.’s recorded music, the rapper claims the company has failed to honor its end of the bargain.
According to reports from Billboard, Cinq purchased T.I.’s Atlantic Records-era catalog in 2017, which includes major projects like ‘King, T.I. vs. T.I.P.’, and ‘Paper Trail’.
T.I. says he only agreed to that deal because it included an option to buy back his masters later at an affordable price. However, he now alleges that when he attempted to buy them back, Cinq refused to comply with the original terms.
In the lawsuit, he claims the company dramatically inflated the buyback cost. While he says the agreement capped the price at around $3 million, Cinq came back with a demand of $52 million.
His attorney, Robert Jacobs, stated that the company appeared to regret the original deal and intentionally obstructed efforts to complete the purchase.
“Cinq regretted that it had agreed to the option terms, and, therefore … did everything it could to frustrate plaintiffs’ efforts to complete the purchase,”
This legal battle comes during a strong run for T.I., with new music like ‘Let EM Know’ gaining traction and taking back his relevance in the industry.
With the case still in its early stages, all eyes are on how this dispute will unfold and what it could mean for artists fighting to regain ownership of their work.
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The post T.I. Takes Legal Action in Explosive Fight to Reclaim His Masters appeared first on ..::That Grape Juice.net::.. - Thirsty?.
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