YOUNG BUCK IS TRYING TO PAY OFF 50 CENT

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  • Опубликовано: 4 июн 2023
  • Young Buck is reportedly planning to pay off money owed to 50 Cent, by auctioning off his catalog to generate funds.
    The 50 Cent and Buck beef escalated when Buck accused 50 Cent of coercing him into declaring bankruptcy in 2020. The legal dispute stemmed from 50 Cent's claim that Buck owed G-Unit outstanding music royalties. Court documents from Buck's bankruptcy case revealed that 50 Cent intended to assert his rights to two unreleased albums and a $250,000 debt, citing a contractual agreement signed by Buck in 2014.
    In an effort to repay 50 Cent and alleviate his financial burdens, Young Buck is now taking significant measures. He is selling the rights to his music, including performance royalties, mechanical royalties, publishing royalties, and song copyrights. Brokerage firm SongVest, specializing in auctioning music royalties, has valued Buck's catalog at over $700,000.
    Trustee Erica R. Johnson, responsible for managing Buck's bankruptcy case, is confident that the auction of his catalog would generate sufficient funds to repay some of his creditors, including 50 Cent.
    Young Buck's financial struggles have been well-documented in recent years, primarily due to outstanding child support payments and issues with the Internal Revenue Service (IRS).
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