Saturday, April 28, 2018

Cardi B's Manager Deal Detailed


This week news leaked that rapper Cardi B was being sued by her former manager, Klenord 'Shaft' Raphael for breach of contract after Cardi fired him for stealing [click here if you missed that].

Cardi B's lawyer gives a few more details...

In a statement to The Wrap Cardi's lawyer asks,
“How does Shaft justify signing on as Cardi B’s manager through [Shaft’s company] WorldStar for a 20 percent commission, and then a year later sign her up through his other company for a deal that takes 50 percent of her music royalties from Atlantic Records, 50 percent of her music copyrights, and 25 percent of her other earnings? How does that comport with his fiduciary duty as her manager?”