Young Buck has been going through some tough times. In 2020, he filed for bankruptcy. He owed huge amounts of money to the IRS, his ex-girlfriend, and even former G-Unit label mate 50 Cent. Now Fif and Buck are at it again.
Buck has been accused of not paying his fair share by several parties. He worked out a settlement where he only had to pay $515 a month to get caught up. 50 Cent doesn’t think that’s how things should be going down, according to AllHipHop.
Fifty says G-Unit owns Young Buck’s music. He wants to terminate the settlement agreement between Buck and his bankruptcy trustee. Fif says Young Buck never delivered on the terms of their original contract.
G-Unit signed Young Buck in 2014. He was advanced $250,000. The agreement was that Young Buck would produce two albums for them over the two-year deal. He has failed to deliver thus far.
Under the terms of the deal, G-Unit owns the rights to license his music and are supposed to pay him royalties when the music is sold or used. 50 Cent’s lawyer explained the agreement. William N. Helou says the deal should be thrown out completely.
“Under the clear terms of the Recording Contract, the G-Unit Property belongs to G Unit because it owns all of the works comprising such property and [Young Buck] is only entitled to a percentage of the net proceeds G Unit earns from licensing such works. Therefore, the Motion to Compromise should be denied.”
50 Cent believes G-Unit is owed $24,228.14. His lawyers are working to have the settlement agreement voided, as they believe the money was never Young Buck’s to begin with. The courts will ultimately decide.
Young Buck’s struggles with money continue to worsen. 50 Cent is an influential player with big money to pay the best attorneys. Young Buck could be in for a world of financial hurt even he couldn’t imagine.
Do you think 50 Cent should retain the rights to Young Buck’s music catalog? Share your take in the comments!