Photo by Adriana M. Barraza/WENN.com

Megan Thee Stallion is accusing her record label of refusing to release her new music. The up-and-coming rapper accused bosses at 1051 Records of shelving her new music with no release date.

Megan scored a viral hit "Hot Girl Summer" last year when she teamed up with Nicki Minaj and Ty Dolla $ign.

Photo by Presley Ann/Getty Images

Despite the success of her record, the former stripper claimed during an Instagram Live video on Sunday, that bosses at 1501 won't allow her to drop any new music after she asked to renegotiate her contract for more money.

Megan confessed she made the same rookie mistake as other eager young rappers who just want a record deal.

Photo by Rodin Eckenroth/WireImage

"When I signed, I didn't really know what was in my contract. I was young, I think I was, like, 20," she explained in the emotional post. "So when I got with Roc Nation (JAY-Z's entertainment and management company), I got management, real management. I got real lawyers, and they were like, 'Do you know that this is in your contract?' And I was like, 'Oh damn, that's crazy, no I didn't know.'"

The "All Dat" rapper didn't specify which terms she objected to, but explained she wanted to adjust the contract to remove certain clauses.

Adriana M. Barraza/WENN.com

"As soon as I said I wanna renegotiate my contract, everything went left. It just went all bad," she said, as she fought back tears. "So now they're telling a b**ch she can't drop no music. It's really just, like, a greedy game.'

She also clarified that she wasn't trying to leave the record label, but she just wanted a more equitable (read: lucrative) contract.

"I'm not a greedy person. I'm not a person that likes confrontation," she said, adding, "I'm nice and I'm real family-oriented."

Source: WENN.com

Lil Wayne Birdman

Years of wild spending has apparently caught up with Cash Money Records owners Lil Wayne, left, Bryan "Birdman" Williams, right, and Ronald "Slim" Williams (not pictured).

According to a report on gossip tabloid TMZ's website, Cash Money Records' unpaid bills are stacking up and creditors are filing lawsuit after lawsuit against the brothers. It looks like the cash machine is running out of unlimited funds.

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Young Jeezy

Rapper Young Jeezy dropped a new track titled "Foul Play" last night. The track is off CTE’s It’s Tha World Vol. 2 EP which drops Nov. 27 at midnight.

Of course, he couldn't release new heat without a little controversy to go along with it.

Before dropping the track Jeezy took to his Twitter page to denounce Def Jam recording execs for not doing enough to promote his music. He even threatened to leak his own album early.

"Lucian and Barry boss up... or my fans gonna get an early xmas gift beeleedat #SNOWMAN," Jeezy tweeted.

Update: LA Reid, CEO of Epic Records, responded to Jeezy's rant on Twitter last night, tweeting "@YoungJeezy #BeEpic".

Listen to "Foul Play" (Dirty version) below.

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Don Cannon Named A&R of Island Def Jam

Atlanta based DJ, and friend of the blog, Don Cannon has been named head of A&R at Island Def Jam Records. Cannon will take over the position from rapper/producer The-Dream, who held the job for less than a year. Cannon, 33, has produced music for rap artists such as Ludacris, Outkast, Young Jeezy, T.I., Kanye West, Lil Wayne, J. Cole, and Rick Ross.

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LIl Wayne Signs Paris Hilton to a Record Deal

That sound you just heard is the lid of Hip Hop's coffin slamming shut on Hip Hop as a music genre.

Disgraced rapper Lil Wayne just found a sucker to get him back in the good graces of the corporate world. 3 weeks after getting dropped like a hot potato by Pepsi, Wayne has signed talentless socialite Paris Hilton to a record deal on Young Money Cash Money Records. Cash Money co-founder Birdman made the announcement on Twitter today.

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