Source: Crazy Days and Nights
Pledging to do something and then not actually following through is something this A list rapper must have learned from the celebrity CEO.
People are still waiting on big checks the rapper pledged and the people on his record label are going to have to learn that words and actions are completely different.
Kanye West is being sued for £15m after allegedly stealing a company’s technology
A technology company called MyChannel, Inc. is suing the rapper for violation of contract.
In the lawsuit obtained by TMZ and confirmed by Pitchfork, MyChannel claims that West pledged to invest $10m (£7.5m) in the company, only to exit the partnership and copy their video commerce technology.
MyChannel’s founders claim that after talks with West fell apart, they noticed their technology was being used to sell merchandise in West’s Sunday Service videos. The Sunday Service is a weekly performance held by the musician.
The lawsuit claims that MyChannel was never paid the $7m (£5.36m) owed for work they previously completed for West’s brand, Yeezy Apparel.
The company also allegedly relocated their headquarters from Pennsylvania to California and again to Illinois at West’s request.
The lawsuit claims the musician rebranded the technology company as “YZY Tech” during business meetings and presented “ideas such as those of [MyChannel] as his own”.
MyChannel believes that West’s promise of investment and partnership was part of a larger plan to copy the company’s confidential technology. – Source
Kanye West Pledges to Return 50 Percent Share of G.O.O.D. Music Artists’ Masters
In his campaign to better the music industry, the ‘Stronger’ rapper also urges bosses to consider allowing artists to automatically own the copyright to the songs they record for a label.
AceShowbiz – Kanye West has pledged to give all his G.O.O.D. Music artists back his 50 per cent share of their masters, so they can own them.
The move, announced on Wednesday afternoon, September 23, comes after a week of West’s social media statements and attacks on industry bosses who tie artists up in restrictive contracts and refuse to let them own their back catalogue.
Kanye went so far as to release guidelines for industry bosses going forward, urging them to consider allowing artists to automatically own the copyright to the songs they record for a label and lease tracks to companies for a year, maximum.
His campaign to better the music industry for the artists continued on Wednesday as he tweeted, “I’m giving all Good music artist back the 50% share I have of their masters (sic).” – Source