Kanye West is being fined by a production company named Phantom Labs for not paying a $1.7 million tab!
HotNewHipHop states this particular company has pushed out several successful concerts for the rapper, including his canceled Coachella set, four “Sunday Service” events, a DONDA 2 event, and his “Free Larry Hoover” concert.
Phantom Labs’ representative said the Yeezy creator was paying for their services initially but abruptly stopped. Phantom Labs charged Ye $6 million, but then they got hit with a hefty canceling fee from Coachella. The music festival’s team charged Phantom Labs $1.M.
A statement from Phantom Labs reads:
“We are incredibly proud of the work that we did with Ye and are disappointed that such a fruitful relationship has come to this. A celebrity weaponizing fame and reputation to take advantage of eager collaborators is simply unacceptable.”
( 📸: Georgia Public Broadcasting )
Rolling Stone got a hold of the lawsuit, which says:
“Just weeks after promising to make Phantom whole from the reported $9 million payday he was to receive for performing at Coachella, Ye suddenly pulled out of the festival — not only reneging on promises to pay Phantom’s multi-million-dollar balance but also saddling Phantom with an additional $1.1 million in Coachella-related cancellation fees and other expenses incurred doing work on Coachella at Defendants’ request. Despite receiving multiple demand letters from Phantom, Defendants continue inexplicably to withhold payment.”
In addition, Phantom Labs’ lawsuit lists projects and services Ye never paid for. This includes a warehouse renovation in downtown Los Angeles, travel and studio expenses, and building a recording studio in Miami, which ended up being closed down. Allegedly, Ye decided he wanted the space in downtown Los Angeles, forcing the company to construct a different space.