Akon’s former business partner says the singer owes him almost $4 million.
Stephens claims that a prior settlement agreement dictates that he’s still owed $750,000 and at least $3 million in royalties. Stephens has taken Akon to court on two prior occasions since the end of their partnership. The settlement was agreed upon in 2018.
Akon allegedly owes Stephens 20% of the royalties for four future albums while under a “major” label. Stephens claims that Akon deliberately sabotaged his deal with Atlantic Records to avoid forking over the money, and that his contract with BMG Records still means Stephens is owed his royalties.
BMG Records, “by any objective metric, is a ‘major’ record label,” according to Stephens.
“Although Akon argues he is not currently signed to a ‘major’ record label, he is wrong,” the suit adds.
“Akon has spent the better part of a decade frustrating Stephens’ attempts to obtain large amounts of money which Akon unambiguously promised in contracts to pay Stephens,” the court documents also state.
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