It was recently revealed that Atlanta rapper Future lost a $10M lawsuit against his former friend and business partner, Rocko who takes credit for having given Future his first record deal.
According to TMZ, Rocko sued Future after citing a 2011 contract he believes Future breached in which the deal was for Future to make his first 6 albums with Rocko’s label A1.
Rocko says Epic Records signed on to distribute the albums, but then things got tricky when he says Future cut a side deal with Epic, which gave him huge multi-million dollar advances that Rocko never saw a dime from.
Rocko says he was left out in the cold because Future stiffed him to the tune of 25% — the commission he’s owed from the Epic advances. In addition, Rocko also said he was owed 20% of Future’s earnings from touring, endorsements, etc …
It’s said the lawsuit awarded Rocko to 50% of Future’s tour revenue and part of his album royalties for his next two releases (hence why Future is set to release two albums in one week)
Rocko won the lawsuit, according to VladTV:
Future and Epic reportedly agree to give all royalties from his next two albums to Rocko.
In addition to the albums, Future will also give Rocko 50% of all touring revenues for the next two years.
In order for LA Reid and Epic to recoup the advance that they will forfeit while Future pays Rocko back, Future signed a 360 agreement with LA.
To pay Epic back, Future will give a percentage of any deals made outside of music to Epic until his back advancements are paid or for the next five years, whichever comes first.
LA and Epic will also be collecting on the front end on all of Future’s music ventures.
However, Rocko recently posted a picture of Future’s album and encouraged fans to support it on Instagram. Rocko mentioned how there’s no bad blood between him and Future.
But Future wasn’t feeling it because he responded with a rant accusing Rocko of being a con artist and noted that the “fake n***’s gone die.”
“U post it cause I’m the s** n***…on gang tho! U gone die fake n***. […] U a con artist!”
Rocko responded to Future calling him a con artist by posting the below video.
Welp! It’s safe to say these two won’t be catching up over drinks anytime soon.