Megan Thee Stallion Settles Legal Battle with Former Record Label

"I wish Megan all the best in all of her future endeavors," the record label's CEO said in a statement to PEOPLE

Megan Thee Stallion's legal battle with her prior record label has come to an end.

1501 Certified Entertainment announced in a statement shared on social media that they have "mutually reached a confidential settlement to resolve their legal differences." PEOPLE confirms the case was settled in Megan's favor.

"I’m pleased to announce that Megan and I have come to the table to resolve our legal differences," 1501 Certified Entertainment CEO Carl Crawford said in a statement to PEOPLE. "During the course of this time, we have grown, we have evolved, and amicably decided to part ways. I’m very satisfied with the outcome and confident in the future of 1501."

"Thank you to all of the supporters of both Megan and 1501 Certified," she added. "May this moment be a valuable lesson on the importance of reconciliation for the prosperity of hip-hop and pop culture. I’m honored to have worked with Megan and be a part of her discovery as an artist. I wish Megan all the best in all of her future endeavors."

Related: Megan Thee Stallion Says She's Currently Funding Her Own Music Career: 'Budget Is Coming from Me'

Earlier in October, the "Savage" musician, 28, revealed that she is financing her next project herself and is not looking to sign with a new record label anytime soon.

“I’m so excited to be doing something for the first time independent, since it was just me and my mama," she said. "So excited cause it’s really just me this go 'round until we sign to a new label, but I don’t wanna sign to a new label right now because I just wanna do it myself." The rapper's legal battle with her former label dates back to early in her career.

Back in March 2020, she stated during an Instagram Live that the label was preventing her from releasing new music.

“I see the s--- that camp be saying about me, and I be like, ‘Damn — since you got so much to say, why you just won’t tell ’em why you mad? You mad because I don’t want to roll over and bow down like a little b---- and you don’t want to renegotiate my contract," she said at the time.

Related: Beyoncé Shares Sweet Tribute to 'H-Town Sister' Megan Thee Stallion for 'Gracing' Her Tour Stage 

After being granted a temporary restraining order against the company and its CEO, she was able to release a nine-track EP titled Suga. In August 2022, she requested $1 million in relief from the label after it claimed that her albums Something for Thee Hotties and Traumazine had fulfilled the requirements of her "unconscionable" contract.

Court documents previously obtained by PEOPLE showed that the record label argued Something for Thee Hotties did not meet the definition of an "album" and "does not satisfy her 'Minimum Recording Commitment.'"

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The issues continued in November 2022 when she alleged that the record label tried to prevent the American Music Awards from using her song "Her" to promote its show.

The "Hot Girl Summer" performer was then granted a temporary restraining order that prevented the label from blocking the use of her music. It also ordered the label to not interfere with the rapper's "right to use, exploit, license and publish her music for promotional content" leading up to the AMAs.

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