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Lil Durk Double Dip On Song Rights Cost Fintech Time, Money: Lawsuit

Exceed Talent Capital, a New York fintech, is suing rapper Lil Durk for fraud after accusing the musician of improperly selling the rights to one of his songs. So reports Music Business Worldwide.

Exceed Talent Capital sells fractional shares of works generated in the sports and entertainment industry similar to how other companies sell NFTs. The complaint, filed in the U.S. District Court for the Southern District of New York, alleges Durk already sold the rights to Sony’s Alamo Records, forcing them to waste energy and resources getting regulatory permissions before ultimately canceling their agreement.

Read the full article from Music Business Worldwide.

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