1501 artists or former artist, Erica Banks, announces she signed with Atlantic Records parent company Warner Records. Congrats to her.
Now, let me talk about what is really interesting to me about this. As we know, 1501 Ent. is in a contract dispute with Megan Thee Stallion. 1501/ J Prince has alleged that Roc Nation, who manages Megan, was trying to break her contract so she can sign with another label. Megan argues the contract was unfair compared to industry standards.
Now, you have their next biggest artist, Erica Banks, signing with a major label a few days after J Prince did an interview where he said their dispute with Megan was being settled. We still have no word on that, by the way.
Soooo, is 1501 now just an A&R agency? In his caption, Carl Crawford wrote, "I couldn't be mo proud of this signing showing that we are the pipeline in Texas to the majors." Did Carl finally realize that he is not good at running a label but can be the spot to get local talent ready for major label deals?
All this J Prince talk about "poaching artists," but now it looks like 1501 Entertainment is setting itself up to be a spot to be poached, LOL. That is why J Prince was talking about settling things with Jay Z and they just want to be compensated. As if they weren't going to make money off Megan either way.
Through the deal that Carl made with 300, Megan already has ties to Atlantic and Warner, but I pray that Megan goes to Republic Records when free.
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