Who knew Lyor Cohen used to manage Travis Scott? Well it seems things have gone south. Lyor’s LCAR Management company is now suing Travis for breach of contract.
TMZ reports that Travis signed a three-year contract with Lyor’s company back in October of 2014, entitling the company to 15% of everything Travis makes in entertainment. LCAR says they should have made about $2 million by now, however they’ve only received about $37k. LCAR says they’ve been trying to get the rest of their money since 2015, but all they’ve gotten is a letter from Scott’s attorney saying the management company’s services are no longer needed. LCAR is suing to get full accounting of Travis’ earnings—as well as what they’re owed.
Sources close to Travis signed the deal in good faith, trusting that Lyor’s company would handle his career well. However Travis felt LCAR wasn’t fulfilling its obligations, and soon replaced them with a new team that he felt was doing their job better than LCAR was. Those same sources say it’s ridiculous that Cohen, now Global Head of Music at YouTube, would file such a frivolous lawsuit.
Hopefully these two work it out.
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