Fans have been waiting for Megan Thee Stallion to release a new album as they wanted to hear more songs from the rapper. More recently, the musician confirmed that she's currently working on new music, but it will be self-funded and she's not under any label anymore.
According to Billboard, the "Bongos" hitmaker took to her Instagram live to interact with her millions of followers.
During the livestream, she revealed that she's not signed under any recording label anymore and all of her future projects would be paid by money coming out from her own pocket.
Megan Thee Stallion gives fans an update on her upcoming album; says she’s footing the bill while still fighting to get out of the record deal with 1501.
— Mílagro (@MobzWorld) October 13, 2023
“I have no label right now, we’re doing everything funded straight out of Megan Thee Stallion’s pocket.” pic.twitter.com/5vOmVvLiLY
"This part of my album is very much so funded by Megan Thee Stallion because we're trying to get off... Y'all know what's the tea. But I have no label right now," she explained.
She further noted that all of her future projects came directly from her brain and her wallet.
Megan Thee Stallion Excited For New Music
Megan Thee Stallion last released an album in 2022 titled "Traumazine" but it appears that she's going to start a new era of music as she told her followers that she's excited for new songs.
Regarding her time being separated from a music label, the rapper noted that she's enjoying her time without any supervision by a record company.
READ ALSO: Megan Thee Stallion Teases New Music, But Netizens Accuse Her of Copying Beyoncé, Taylor Swift
"It's really just me this go around until we sign to a new label. But I don't want to sign to a new label right now because I just want to do it myself," she said.
What Happened Between Megan Thee Stallion and 1501 Certified Entertainment?
The two parties have been fighting for years now and it all started when Megan Thee Stallion, whose real name is Megan Pete, claimed that the owner of 1501 Certified Entertainment, Carl Crawford, dubed a young artist into signing an "unconscionable" deal a few years back.
She further noted that when she went to another company, Roc Nation by Jay-Z, she finally got "real lawyers" who let her know what was going on with her initial deal.
1501 responded to the claims, denying everything, saying the owner helped Megan during the early days of her career and gave her "substantially more" than what she had as she was an unknown artist back then.
READ MORE: Megan Thee Stallion, Justin Timberlake VMAs Argument Debunked: What Really Happened?
