AEG Presents Revives Lawsuit Against Young Thug Over $16 Million Catalog Sale Dispute

AEG Presents Revives Lawsuit Against Young Thug Over $16 Million Catalog Sale Dispute

By Marcus Stevenson

November 20, 2024 at 10:43 PM

AEG Presents is resuming legal action against Young Thug, demanding clarity about a reported $16 million catalog sale that occurred while their original lawsuit was paused during his criminal proceedings.

Young Thug performing with mic

Young Thug performing with mic

The original lawsuit, filed in late 2020, claims Young Thug violated exclusive performance agreements from 2016 and failed to repay a $5.25 million advance. AEG alleges the rapper performed concerts without their involvement and kept all proceeds, breaching their contract.

Key developments in the case:

  • AEG has requested new pretrial deadlines for 2025
  • Proposed timeline includes:
    • February 6th: Status conference
    • June 12th: Discovery cutoff
    • September 18th: Final pretrial conference

Recent investigations revealed Young Thug allegedly sold approximately 400 music compositions to third parties for $16 million after the lawsuit began. These compositions were supposedly used as collateral for AEG's original advance.

AEG is now seeking to:

  • Identify the current copyright owners through subpoenas
  • Determine whether to proceed against Young Thug
  • Potentially add new defendants to the lawsuit
  • Consider legal action regarding the collateral outside the current lawsuit

The case isn't expected to go to trial until late 2025, allowing Young Thug time to relocate from Georgia and reestablish relationships with his legal counsel following his recent release from jail. The rapper faces 15 years of probation and must leave Georgia as part of his criminal case resolution.

Businessman checking phone with charts

Businessman checking phone with charts

Band instruments on concert stage

Band instruments on concert stage

Hacker at computer with code display

Hacker at computer with code display

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