Rap-A-Lot Records founder J. Prince has come to the defense of Carl Crawford, the CEO of Houston-based record label 1501 Certified Entertainment. Prince has evidently grown tired of the allegations levied against him by Megan Thee Stallion.
On Tuesday night (August 23), Prince headed to Instagram with a photo of himself standing next to Crawford and accused both Megan Thee Stallion and her management Roc Nation of being dishonest.
“For years we have stood by quietly as MTS and her mgmt at Roc Nation has lied about Carl Crawford and his 1501 label,” he wrote. “The truth is that Carl discovered, developed and fully financed MTS early in her career which led to a life changing distribution agreement for her with 300 Entertainment.
“From 1501’s earliest agreement with Megan, long before MTS was a household name, 1501 generously agreed to give Megan 40% of its PROFITS which is substantially more than the customary record royalty that a new artist receives from a record label.”
J. Prince continued, “Any attempt by MTS or RN to portray a contract that provides a new unknown artist with 40% of the label’s PROFITS as unconscionable or unfair is blatantly false and contrary to the customs or norms in the music industry.
“In fact, we have seen several RN contracts and RN pays its new artists a customary royalty that is significantly less than the 40% of PROFITS that 1501 agreed to pay Megan.”
