Archive for April 7, 2012
Nashville, Tennessee rapper Young Buck will lose the rights to his back catalogue this May, as part of his bankruptcy liquidation.
Young Buck’s intellectual-property will be put up for sale on May 14, according to the Wall Street Journal.
The trademarks, copyrights, licenses and royalties for Young Buck’s catalog will be auctioned off at Nashville-based law firm of Harwell Howard Hyne Gabbert & Manner.
Young Buck was forced to file bankruptcy in 2010, after piling up a $300,000 debt to the IRS.
He has also been locked in a contractual dispute with G-Unit Records, which has shelved all releases by the rapper.
Young Buck was kicked out of G-Unit in 2008, although he was still signed to the label with a $171,000 debt.
During Young Buck’s bankruptcy proceedings, 50 Cent filed a $10 million breach of contract lawsuit against the Nashville rapper, preventing him from releasing material on any other label.
The sale of Young Buck’s intellectual-property will complete his bankruptcy filing and allow him to exit Chapter 7 bankruptcy, although he may also lose the rights to use the “Young Buck” moniker.
In a recent interview with HipHopWired, Killer Mike revealed that he and fellow ATlien Big Boi are working on a joint project together.
“I’m looking forward to going back and forth with Big a whole record. Like people always like the collaborations we did,” Killer Mike explained in the interview. “And I’m not talking about the ‘Whole World’ stuff you know, the ‘A.D.I.D.A.S.’ I’m talking about ‘Bust.’ You know what I mean? Snapping and trapping. When it’s just me and him, just two pitbulls going at a bone.That’s what I enjoy. My skill set goes up according to who I’m with. So in particular when I rap with Big Boi, T.I. and Bun B, magic happens. So I’m looking forward to going 12 songs back and forth.”