Houston, Texas – Megan Thee Stallion and her former record label, 1501 Certified Entertainment, have officially settled their prolonged legal dispute. This announcement follows Megan’s recent Instagram post revealing her plans for a self-released album.

A representative for the label issued a statement, saying, “Megan Thee Stallion and 1501 Certified Entertainment are pleased to announce that they have mutually reached a confidential settlement to resolve their legal differences. As part of the arrangement, both parties have agreed to amicably part ways. Both Megan and 1501 are pleased to put this matter behind them and move forward with the next chapter of their respective businesses. All of us at 1501 wish Megan the very best in her life and career.”

Details of the settlement were not immediately disclosed, and Megan’s representatives have not commented on the matter as of yet.

1501 Certified Entertainment, founded by retired MLB All-Star Carl Crawford, signed Megan Thee Stallion, whose real name is Megan Pete, in 2018. She remains one of the label’s most successful artists. Other artists under 1501 include Baby Joker, D-Raww, and Erica Banks, who gained prominence in 2021 with her single “Buss It,” inspiring the viral “Buss It challenge” on TikTok.

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Megan Pete initiated legal action against 1501 in 2020, claiming that the contract she signed at age 20, with limited industry experience, was “not only entirely unconscionable but ridiculously so.” She asserted that the true nature of her unfair contract was revealed only after she joined Roc Nation and had proper representation for the first time. Her original deal with 1501 entitled the label to a 60 percent share of her recording revenue, along with 30 percent of her touring and merchandise income.

The legal dispute led to a temporary restraining order in 2020, with Pete alleging that 1501 had tried to intimidate her on social media and leaked an unpublished mugshot from a 2015 arrest. Furthermore, she claimed that the label was obstructing her from releasing her 2020 album, “Suga.”

1501 denied all of Megan’s allegations, including the accusation that they blocked her music releases. They argued that her contract was fair and standard for a newcomer artist. Carl Crawford defended the label’s stance by stating that her contract was better than many first-time artist contracts in the industry.