Young Thug and AEG have finally come to an agreement, ending their long-standing legal dispute over a 2017 tour deal.
The well-known rapper Young Thug, whose real name is Mr. Williams, has been embroiled in a legal battle with Anschutz Entertainment Group (AEG) since late 2020. The conflict centered around a 2017 agreement in which Thugger allegedly owed millions to AEG. The lawsuit accused him of not repaying a $5.25 million loan and giving up certain rights over his music in return.
AEG’s claim stated that Young Thug defaulted on the loan and therefore owed them the copyright to his music and rights to promote his live shows. AEG also asserted that they could take control of the Young Stoner Life brand, parts of his publishing catalog, and even the Young Thug trademark due to the unpaid loan.
Despite signing a deal granting AEG exclusive rights to manage his concert promotions, allegations arose that Young Thug and his company, YSL, disregarded this agreement. They reportedly conducted concerts independently, keeping all the proceeds.
The case experienced delays, especially after Young Thug’s arrest in a high-profile RICO case involving his YSL collective. But post his release from jail in October, the case was back on, with AEG demanding the return of the initial loan, interest, and profits from his deal with Kobalt Music.
In a recent twist, a judge ordered that jewelry confiscated from Young Thug during a May 2022 arrest be returned. Items, including a Rolex engraved with “King Slime” and several pieces of lavish jewelry, will go back to jeweler Rafaello & Company rather than to Thug himself.
In conclusion, the settlement marks the end of a tumultuous chapter between Young Thug and AEG, allowing both parties to move forward without the looming cloud of litigation.
