Elliot Grainge and music“>Warner music have been hit with a federal lawsuit by Internet Money and producer Taz Taylor, who allege the 2 events manipulated funds and withheld thousands and thousands from a three way partnership designed to share income equally.

They accuse Grainge’s label, 10K Projects, its publishing division, and Warner music Group of breaching a 2019 settlement by rerouting cash, hiding revenue, and excluding Internet Money from key enterprise selections.

“This case is about the Defendants enriching themselves through deceit and bad faith,” the lawsuit states. It additionally alleges that 10K “deducted millions without approval” and transferred funds to make it seem that Internet Money hadn’t recouped its share.

The authorized battle facilities on a three way partnership fashioned in 2019, which gave each 10K and Internet Money equal stakes in signing and creating artists.

Taylor, who launched Internet Money into a chart-topping brand behind hits like “Lemonade” and “Jetski,” claims 10K sidestepped the settlement by chopping aspect offers, withholding royalties and blocking entry to monetary data.

The grievance states that 10K transferred $2 million in revenue advances between accounts to make Internet Money seem unprofitable and keep away from paying its rightful share. It additionally claims that 10K ignored repeated audit requests and failed to offer any accounting for 2025.

The lawsuit additional alleges Grainge and his staff secretly diverted income from “Lemonade,” which featured Don Toliver, Gunna and Nav, and made vital monetary selections “without the required approval” from Taylor.

On the publishing aspect, Taylor’s firm, Taz Taylor Beats LLC, claims it was promised a 50% stake in songs written by KC Supreme, Sidepiece, and Synthetic, all of whom had been signed by what was alleged to be a co-publishing deal.

The lawsuit contains textual content messages from Grainge that learn, “we’re already set up w the JV” and “it’s all about Taz building up his catalogue,” which Taylor says he relied on.

Despite these guarantees, the grievance states that 10K “kept all the benefit for themselves,” refusing to share possession, royalties, or monetary data tied to these compositions.

Internet Money is searching for thousands and thousands in damages, punitive compensation, and a court docket order confirming that it owns half of the publishing rights in query.

The defendants named within the go well with embody TenThousand Projects, TenThousand music Publishing, TenThousand Projects Holdings, Warner music Group Corp. and Warner music Inc.

Neither Warner music nor 10K Projects has issued a public response. The lawsuit calls for a jury trial.

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