Rap artist Future took a huge “L” after a settling a lawsuit filed by ex-manager Rocko.
How huge is this lost you might ask? Well, Future reportedly has to give Rocko ALL royalties from his next TWO albums. On top of that, the ‘Where Ya At’ rapper has to turn overs 50 percent of his touring revenue for the next two years.
In order for LA Reid and Epic to recoup the advance they gave to Future when he signed his 360 deal, Future will give a percentage of any deals made outside of his recording contract back to Epic. This will continue until Future is able to pay back all of his advancements or for the next five years — whichever comes first.
Epic will also collect on the front end of all of Future’s “music ventures.”
We know Rocko is definitely laughing his way to the bank right now. Can you say cha-ching?!