The post Ambitiouz Entertainment Reveals Finer Details On Why Blaq Diamond Left The Record Label appeared first on SA Hip Hop Mag.
Ambitiouz Entertainment Reveals Finer Details On Why Blaq Diamond Left The Record Label. The fan-favourite Blaq Diamond came out on MacG’s Podcast and Chill in July and announced their departure from the controversial record label Ambitiouz Entertainment.
The duo claimed that their departure from the label was smooth with no squabbles with the label owner stating that it was their time to grow. “It was time, we have grown now. It was between sticking the label or choosing growth more than anything, you know because we wanted to go and tap into the African market, so they felt like if we tap into the African market we’re gonna lose our people here local.” Said, Blaq Diamond.
In a new twist, SundayWorld reported that the duo left the record label in tatters. According to the reports, the record label stated the duo “unlawfully” cancelled its contracts and continued to be paid for gigs behind the label’s back.
In 2017, the pair inked a three-album agreement, artist management, and record label contracts with the label to which they did not adhere. “In terms of their contracts, the artists were supposed to be booked for their gigs via the label and release three albums before their contracts could end,” As per Sunday World.
The executive at the record company told the publication that they began to disagree with the duo after they issued a letter demanding that they be released from their contract in January of this year.
“This comes after being informed the company intended to sue it for getting bookings to perform in Congo and Namibia without its knowledge or consent. In the letter, the duo stated it was terminating their contract with the stable but would hand over royalties of its songs,” Sunday World reports.
In the letter, which Sunday World has seen, the duo indicated that they wanted to give the company the earnings from the Russian Bear contract in addition to giving up their royalties.
“We would like to sign over all the sales, streams royalties, and publishing of our music released under Ambitiouz Entertainment to Ambitiouz Entertainment. We would like for the outstanding performance funds owed to Blaq Diamond to remain with Ambitiouz Entertainment”.
“Regarding Russian Bear endorsement deal, we will continue to work with them and honour the agreement, but the outstanding payment be paid to Ambitiouz Entertainment and to remain with Ambitiouz Entertainment,” read the letter from Blaq Diamond.
In the letter, the Summer Yomuthi hitmakers also stated; “BET Isono soundtracks money to remain with the label as well as the compensation for the featured music of the Netflix series [How to ruin Christmas] namely Woza My Love and Umuthi to remain with Ambitiouz Entertainment.”
According to Sunday World, the record label manager Kgosi Mahumapelo turned down their offer and threatened to file a lawsuit against them for breach of contract if the agreement to end the contract was not reached amicably.
“He held a zoom meeting with them and gave them a sales report which showed that they have R1.6-million in the kitty but the loans they obtained from the stable were more than that amount. He also told them their demands for him to take royalties from their songs did not make sense as he was entitled to 50% of the royalties generated from their songs anyway,” said the Ambitiouz Entertainment executive.
The post Ambitiouz Entertainment Reveals Finer Details On Why Blaq Diamond Left The Record Label appeared first on SA Hip Hop Mag.
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