B.o.B has been in the industry for quite some time already. To date, he has already produced six studio albums and twenty-six mixtapes.
With a huge directory of songs, it can be argued that his discography packs a massive amount of price tag. Recently, however, a music rights management company sued the "Nothin' On You" rapper for a hefty sum of money.
Round Hill Music Management Sued B.o.B $3 Million Over For Alleged Breach of Contract
Billboard reports that rapper Bobby Ray Simmons Jr., more commonly known as B.o.B., is facing a multimillion lawsuit over an alleged breach of contract.
Round Hill Music Management company claims that the rapper apparently "reneged on a royalty stream agreement" and now owes the firm $3 million.
On a legal document that Billboard has obtained, a complaint filed yesterday at a Manhattan court indicating that B.o.B has committed a "willful and intentional breach" of his 2017 agreements.
It saw him sell the rights to collect certain royalties that he got from his sound recording copyrights.
"In an intentional violation of the assignment agreement, defendants have prevented plaintiffs from collecting the royalties that plaintiffs are contractually entitled to collect," the lawsuit indicated.
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The documents that Billboard had obtained, however, show little specifics and details on what royalties the rapper has allegedly breached.
A third-party company inked an initial agreement with the rapper, which they later sold to Round Hill.
According to the agreement, it gives them "all right, title and interest to collect certain royalties from the public performance of all sound recordings featuring Bobby Ray Simmons." It also gives "a first-priority security interest in certain rights associated with the sound recording performance rights and revenues" to the company.
Hot New Hip-hop reports that, per the rapper's managers, B.o.B. agreed to "hand over certain royalties associated with public performances of his tunes" in 2017.
There has been no reason for what led to the dispute and the lawsuit. However, TMZ Hip-Hop got B.o.B's initial response to the said lawsuit.
"I have not seen the lawsuit but am aware my former manager had entered into agreements without my knowledge. I take my business seriously and look forward to getting to the truth of what happened," the rapper said.
The publication also says that if the rapper would not respond within the next three weeks, a default judgment will be served to him.
Access the full copy of the lawsuit here.
