Probability the rapper’s ex-manager sues tens of millions and ruins the massive day
Chance that the rapper’s former manager Pat Corcoran (aka Pat the Manager) sues the rapper for breach of contract, reports Complete Music Update. The complaint, viewed by Pitchfork, was filed in an Illinois court on November 30th. In the lawsuit, Corcoran and his lawyers allege that Chance breached an oral agreement in which he agreed to pay Corcoran 15% of his net profits. Corcoran also claims he owes “over $ 2.5 million in unreimbursed expenses to support and promote Bennett’s career.”
According to the lawsuit, Pat Corcoran and Chance the Rapper, real name Chancelor Bennett, began working together in May 2012 when they agreed that they “could benefit independently from the music industry … and set about turning Bennett’s music into one transform global brand. “
In 2013, Corcoran and his attorneys alleged that Chance and Corcoran had reached an agreement whereby Corcoran would receive 15% of net profit from goods, tours and concerts, mixtape and album streams and sales, branding deals and endorsements, and film and TV companies should pay. The agreement was reportedly kept until April 2020 when Chance announced to Corcoran that he was “terminating” [his] Commitment by Pat Corcoran and all companies controlled by Pat Corcoran. “
Corcoran claims he owes more than $ 3 million in commissions for streaming and selling 10 Day, Acid Rap and The Big Day, as well as income from Live Nation touring and commissions related to Chance’s participation in Season 2 of Netflixs Rhythm + flow.
In the lawsuit, Pat Corcoran also alleges that Chance the Rapper fired him and replaced him with his father Ken and brother Taylor Bennett because “Bennett’s latest album was disappointed [The Big Day] and overwhelming fan support for the associated tour. “The relationship between Corcoran and Chance apparently began to fall apart when Chance announced a release date for its debut album in July in February 2019. The lawsuit reads:
After repeated success with the release of his first three mixtapes – 10 Day, Acid Rap and Coloring Book – Bennett announced on February 11, 2019 (without consulting Corcoran or prior notice) that he would release his first studio album in July this year. Given the significant amount of work, care, and attention that goes into producing an album, Corcoran expressed serious concern about the planned release date that Bennett had unilaterally announced for the album. Corcoran knew that, given the commitments Bennett made in early 2019 – including his own wedding – Bennett likely didn’t have enough time for the creative process associated with releasing an album, and Corcoran advised Bennett on that matter.
Corcoran declined to announce the release of an album before the recording or writing process even began, let alone was essentially complete. Bennett’s recording efforts were hampered by unproductive and undisciplined studio sessions. Procrastination and lack of effort, perpetuated by various devotees who were not interested in the hard work of writing and recording, resulted in a freestyle-driven product of sub-par quality, a complete departure from the meticulous writing process that Bennett is famous for for his pun made joke.