'Homecoming' Film Producers Threaten Drake with $15 Million Libel Suit

'Homecoming' Film Producers Threaten Drake with $15 Million Libel Suit
Drake's 2009 concert at Toronto's Sound Academy is the subject of the new documentary Drake's Homecoming: The Lost Footage, but the rapper has distanced himself from the project by tweeting that the film "is not something OVO or Drake have any part in." Now, the film's producers are considering taking legal action against Drake and threatened him with a $15 million libel suit, alleging that he needs to honour a contract that he signed six years ago.

According to Attack Media's Mark Berry, a co-executive producer for the film, Drake signed a contract back in February 2009 in which he consented to the filming. He was paid $15,000 in cash and promised a 15 percent royalty for its release. Soon after the show (which was in May of that year), Drake signed with Young Money Records and the rest is history. Berry says that Drake has been given opportunities to buy back the footage or come onboard with the project, but he and his label have declined.

"I think he thought nothing was going to happen with the film," Berry told the Los Angeles Times. "It's an issue of someone not honouring a contractual commitment to another person."

The producers wanted to get the rap star involved with the project, but Berry explained, "There was no participation [from] Drake in the deals, because frankly he wasn't needed."

In the contract, Drake also agreed to perform another show for $5,000. "We can drag him into a stadium tomorrow if we wanted to," Berry said. "Personally, I think he should honour his commitments. Even if he does a show and the proceeds go to charity, doesn't matter to us. Bottom line is, you signed a contract. You got to honour it."

In the wake of Drake's public comments about the film and his disassociation from it, the folks behind the film are apparently considering a $15 million libel suit against the star, the Times reports.

It's worth pointing out that Drake's decision to disavow Homecoming doesn't seem to have hurt the project. It's still due to come to theatres for one night only on Thursday (March 19), and Berry said, "We've gotten more mileage with him sending out that tweet than anything." It seems, then, that there's no such thing as bad publicity.

Watch the trailer below, and see the film's screening locations here.

In related news, Drake just announced OVO Fest, which will be returning to Toronto on August 2 and 3.

Drake's Homecoming: The Lost Footage - Official Trailer from SpectiCast on Vimeo.