Future Loses Lawsuit For Royalties Next 2 Albums and 50% Of Tour Revenue to Rocko
Future has settled lawsuits against him by Rocko and Ciara. After signing a record deal with Rocko’s A1 Recordings in 2011, Future breached the contract and is being sued for management and finders fees. Ciara is also suing for a false light claim which was an amended claim from the defamation suit she initially filed against him.
Future and Epic reportedly agree to give all royalties from his next two albums to Rocko. In addition to the albums, Future will also give Rocko 50% of all touring revenues for the next two years. In order for LA Reid and Epic to recoup the advance that they will forfeit while Future pays Rocko back, Future signed a 360 agreement with LA. To pay Epic back, Future will give a percentage of any deals made outside of music to Epic until his back advancements are paid or for the next five years, whichever comes first. LA and Epic will also be collecting on the front end on all of Future’s music ventures.
For Ciara, Future has agreed to release a general apology and to not make any negative comments regarding her on social media or interviews. He also will not discuss custody arrangements in interviews. If he violates any of these conditions, it will result in fines of up to $5 million.