Young Thug sued by AEG over $16m catalogue sale
The promoter alleges the US rapper sold off catalogues that were intended to serve as collateral for a loan
News By James Hanley | 19 November 2024
AEG is reportedly suing Young Thug over the $16 million sale of his catalogue in the latest chapter of their long-running legal dispute.
As per AllHipHop, the promoter alleges the Grammy Award-winning rapper – real name Jeffrey Williams – violated their deal by selling hundreds of copyrights it says were meant to serve as collateral for an unpaid loan.
AEG is said to have loaned Williams’ record label Young Stoner Life (YSL) $5.25m in 2017, giving the company exclusive rights to his concerts.
However, it alleges that Williams and YSL defaulted on the loan, as well as misrepresenting their ability to fulfil the repayment.
AEG originally launched legal action against Young Thug in 2021
According to legal documents, AEG is seeking the return of the $5.25 million loan, with interest,…
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