Another day, another lawsuit—and this time Wiz Khalifa is set to pay up.
According to reports, Rostrum Records filed a lawsuit against Khalifa on Friday, claiming that the rapper agreed to fork over 15 percent of tour and music royalties, along with 20 percent of his merchandise sales, when he signed with them in 2005.
Benjy Grinberg, the label’s founder, is seeking $2 million from Wiz (real name: Cameron Thomaz) to make even on the deal they made over ten years ago. The suit claims:
“Rostrum is informed and believes, and on that basis alleges, that the Publishing Royalties, Tour Royalties and Merchandise Royalties that Thomaz currently owes Rostrum, but has failed to pay in breach of the Operative Agreement, exceed $2 million.”
Just last month, Wiz, who recently opened up about the next level of his career, filed against Rostrum, seeking to terminate the agreement he signed when he was just 16-years-old and accusing the label of mismanaging him and entering into deals that only benefited them. The label denies those allegation, saying in a statement:
“Thirteen years ago, we started Rostrum Records as a label that would support and nurture the artists we believe in. We are very grateful that Rostrum has been able to achieve that goal and provide a strong, family atmosphere where meaningful relationships with the artists is our top priority. To give everything you have to an artist and then to be on the receiving end of a fabricated lawsuit is deeply disappointing. What was alleged is, in fact, the complete opposite of our actions and the antitheses of what Rostrum Records and I stand for. Rostrum looks forward to quickly addressing these baseless claims so we can continue to focus our energies on our artists’ success.”
Wiz has yet to speak out against the suit.
Source: Page Six |PHOTOCREDIT: Getty
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