Rapper Caspper Nyovest’s record label liquidated after he failed to pay R500 million debt

Rapper Caspper Nyovest’s record label liquidated after he failed to pay R500 million debt

Rapper Caspper Nyovest's record label liquidated after he failed to pay R500 million debt

Samro needs SA’s generally looked for after rapper’s record name exchanged for proceeded non installment.

The South Arican Music rights Organistion (SAMRO) has applied for a request to exchange grant winning rap star Cassper Nyovest’s record mark Family Tree.

This after the rapper bombed o pay them R500 million in eminences for his show Fill Up The Dome With Cassper Nyovest.

Samro gathers sovereignties in the interest of South African artists documented the court papers in the Joburg High Court a week ago.

Cassper Nyovest was given 14 days to document contradicting sworn statements in the event that he intends to restrict the liquidation of his mark.

Rapper Caspper Nyovest's record label liquidated after he failed to pay R500 million debt

As per Samro General chief for lawful assistance Chola Makgama the association had consented to an arrangement with Cassper’s organization in October 2015 to permit the presentation of his show known as Fill up the Dome with Cassper Nyovest.

his organization should pay 2% of the show’s gross income of affirmation in addition to VAT… . R467 400, R342 000 and R125 400 .

Cassper anyway would not pay regardless of rehashed advances for him to pay.

SAMRO has just gotten judgment against the craftsman’s organization in 2017 and another last year and is sitting tight for the decision.

Comments are closed.