Apparently Soulja Boy made some bad decisions back in 2007 when he was signed for his ubiquitous middle-school jam “Crank That.”
Soulja has filed documents in Georgia’s Supreme Court stating that his manager Philip Ransom forced him into contracts that were “unconscionable, oppressive, and unjust.” The contracts apparently gives 50 percent of all music copyrights to his label, and gives Ransom five percent of Soulja’s profits forever, which is kind of a horrifying proposition when you think about it – it certainly make’s Ransom’s name a hell of a lot more ironic.
Do keep in mind that this is the same rapper who was tweeting about buying a $20 million plane.
TMZ points out that the contract is industry standard, and actually less exploitive than some other initial recording contracts. We’ll keep you updated as this stupid story develops. [TMZ]