I have covered what happens when an artist terminates a contract with a label and what was at stake when Kel left Capital Hill in September 2010. That situation was amicable. This time, the situation is not so amicable. Artist Soul E signed to Colosal Entertainment attempted to walk out on his label. The label sued for breach of contract and won. He is now required to pay monies to his label as well as produce five more albums. Read an excerpt of the news on the Nigeria’s Federal High Court Ruling in Lagos below.
“When (Soul E) hit the scene in 2006, he was signed to a music label called Colosal Entertainment. In 2007, Soul E left the record label and they sued him for breach of contract. The case went to court in Oct 2007 and only just concluded recently.
The record label won the case and Federal High Court, Lagos has ordered that the singer pay the label the sum of N168, 486, 320 and five more albums to complete their agreement.
The agreement, which was signed in 2005, states that Soul E will release 6 albums under Colossal Records, and so many other things which the singer agreed to and signed. The label claim they spent millions on Soul E in the two years he was with them and want their money back. And unless Soul E pays Colossal that money and give them the 5 albums, he can never perform on stage again as Soul E.” – Linda Ikeji
If you are thinking of walking out on your label, you should read my Kel v. Capital Hill article here.
What are your thoughts on Colosal Entertainment’s victory? What do you think Soul E should have done differently? Leave your comments below or on my Facebook fan page.
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Photocredit: Soul E Promotional Pic
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