Lee Parsons: Last News

Ditto Music has settled a legal dispute with Lil Yachty which related to the promotion of Opulous, the music NFT start-up and sister company to the DIY distributor.The rapper – real name Miles McCollum – went legal in January last year via the courts in California, claiming that Opulous had used his name and brand as part of its launch communications in 2021, even though he had never agreed to get involved in the new venture.Ditto was also named as a defendant – as was Ditto and Opulous founder Lee Parsons – on the basis that they had both posted about those launch communications on their respective social media channels.McCollum’s lawsuit conceded that he and his management team had met with Parsons to discuss Opulous, which encourages fans to invest in new music in return for a royalty right linked to any tracks they support, all secured via NFTs on the blockchain.However, said lawsuit insisted, they never agreed to work with the NFT start-up, or for Lil Yachty’s name to be linked to it in formal communications.In a media statement responding to the lawsuit, Opulous insisted that it had, in fact, secured the necessary approvals before linking Lil Yachty to its NFTs platform. However, it was Ditto and Parsons that formally responded through the courts.They both tried to get the case dismissed on jurisdiction grounds, arguing that Ditto is a UK-based company and Parsons is a British citizen with no formal connections to California.However, the judge ruled that Ditto – with US addresses on its website, employees recruited in the US and American events promoted on its social media – fell under the jurisdiction of the Californian courts.

DIY distributor Ditto Music and its co-founder Lee Parsons have called for a lawsuit filed against them in the Californian courts by Lil Yachty to be dismissed on jurisdiction grounds. The litigation relates to the promotion of Opulous, the music NFT start-up also founded by Parsons.The rapper – real name Miles McCollum – went legal in January claiming that Opulous had used his name and brand as part of launch communications, even though he had never agreed to get involved in the new venture.

Music NFTs start-up Opulous has responded to a lawsuit filed by Lil Yachty, insisting that the claims in that legal filing are “meritless” and that the company will defend itself “vigorously”.Opulous is a music-centric fin-tech and NFTs platform launched by the founders of Ditto Music. Specifically in the NFTs space, it has launched a fan-funding product that allows investors and fans to pledge money to an artist linked to an upcoming track and to then share in any royalties said track subsequently generates.

The rapper Lil Yachty has sued Opulous – the music NFTs start-up launched by the founders of Ditto Music – accusing it of using his name and brand as part of launch communications, even though he had not agreed to get involved in the venture.In a lawsuit filed last week, the rapper – real name Miles McCollum – claims that while he and his management team had meetings with Opulous founder Lee Parsons and its Chief Marketing Officer Fernando Cruz in May last year, they never signed up to work with or endorse the NFT start-up.Opulous is a platform that encourages fans and investors to buy non-fungible tokens linked to new music being created by participating artists. Those NFTs provide fans and investors with a royalty right, so that they share in any future income generated by a track.

Lil Yachty has filed a trademark infringement lawsuit against the NFT platform Opulous.The rapper – real name Miles Parks McCollum – claimed that the company “maliciously” used his name and likeness to raise more than $6.5million (£4.86million) in venture capital funds (via Rolling Stone).McCollum stated in the filing that he only engaged in a couple of exploratory conference calls with Opulous in May 2021, which included the Singapore-based company’s founder and Ditto Music CEO, Lee Parsons.Yachty claimed “no agreement or deal terms” were reached, and that he never saw any of the money raised.According to the lawsuit, however, Opulous announced in a press release on June 2, 2021 that a “series of unmissable NFT drops” would be “led by world-famous artists including Lil Yachty”.