According to legal documents, obtained by The Blast, Kanye is being accused by ‘MyChannel, Inc’ — a black-owned business specializing in video and e-commerce technology — of verbally agreeing to partner with them and invest millions into their company in return for building technology for his popular concert series, ‘Sunday Service.’
The company claims after working tirelessly on the project, even moving into Yeezy headquarters, the rapper ‘inexplicably’ left them high and dry and ripped off their technology to use anyways.
See The Details…
“The founders of MYC reasonably relied on a series of promises made by Mr. West and other leaders in his organization that for six (6) months convinced them to focus 100 percent of their attention on Kanye and Yeezy, and to invest $7 Million in company resources for good measure. In fact, the MYC founders and other personnel moved for their Pennsylvania headquarters to Yeezy’s headquarters (first in California and then in Illinois) and worked full-time for Defendents, all at Mr. West’s insistence,” the lawsuit claims.
The company, which is repped by Ben Meiselas and Michael Popok, claims Kanye also promised to make a $10 million investment in the company as a part of their partnership, which he never did.
In the lawsuit, the company says they believe Kanye had no intention of following through on his promises and instead cut ties with them taking their technology with him.
The rapper “inexplicably reneged on his promises seemingly on a whim and walked away from the successful partnership while misappropriating MYC’s proprietary and trade secrets, netting Kanye hundreds of millions of dollars off the back of MYC,” the lawsuit states.
In the end, the company claims Kanye continues to make millions off of using their technology for ‘Sunday Service’ and the Yeezy brand and are now suing him for damages.
MyChannel is seeking more than $20 Million from Kanye West and Yeezy.