Young Thug Sued by AEG After Selling His Catalog for $16 Million

Recently, Young Thug was hit with a new lawsuit by AEG over Thug selling his music catalog for $16 million when he still owes the company money.

AEG claims that Thug made a deal with Kobalt Music in 2021, which was in direct conflict with and violated their previous agreement.

The assets sold were used as collateral for the unpaid loan of $5.25 million that he owes to AEG, which gave the company exclusive rights to his live shows.

Story source: xxlmag.com