T.I. has filed a lawsuit against Cinq Music Group, claiming the label is refusing to follow through on an agreement tied to his music catalog.
The dispute stems from a 2017 deal in which Cinq purchased the rapper’s Atlantic-era recordings. T.I. says he approved the transaction because it included an option allowing him to buy back his masters at a later date, and in the new filing, he alleges that after exercising that option in 2024, the company hit him with a significantly higher price than expected.
“Cinq regretted that it had agreed to the [option terms], and, therefore … did everything it could to frustrate plaintiffs’ efforts to complete the purchase,” the complaint states.
According to the lawsuit, T.I. believes the agreed formula should result in a price of no more than $3 million. He claims Cinq instead demanded approximately $52 million by changing how revenue was calculated.
The filing alleges the company included earnings from digital streaming and other sources that were not part of the original terms.
“Using these tactics Cinq sought to extract a purchase price from plaintiffs that was nearly 20 times higher,” the complaint states.
Cinq has not publicly addressed the lawsuit, and Atlantic Records is not accused of wrongdoing in the case.