Megan Thee Stallion’s 1501 Record Deal Officially Terminated

Megan Thee Stallion’s 1501 Record Deal Officially Terminated

Megan Thee Stallion’s record deal with 1501 Certified Entertainment is officially terminated after both parties reached a settlement. The details of the settlement are being kept private, but in a statement to Billboard, a rep for the label said, “Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses.”

The same statement quotes the label’s founder and president, Carl Crawford, as wishing Megan “the very best in her life and career.”

The settlement comes just a week after Meg revealed that she’ll be funding her next album.