10K Projects, the Warner-owned label founded by Elliot Grainge, has been sued for allegedly hoarding millions of dollars owed to Taz Taylor’s Internet Money Records under a joint venture.

Internet Money’s lawsuit stems from its 2019 partnership deal with 10K, which was at that point a fast-growing indie hip-hop label started by Grainge three years earlier. The 31-year-old son of Universal Music Group chairman and CEO Lucian Grainge, Elliot is now a powerful music executive in his own right as CEO of Atlantic Records.

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The 2019 joint venture made Grainge’s 10K the exclusive label home for talent developed by Taylor (Danny Snodgrass Jr.) through his Internet Money producer collec

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