Word from the curb is that Nick Cannon is suing ViacomCBS for $1.5 billion, the estimated value of Wild ‘N Out.
ViacomCBS announced that they would be keeping ownership of the show Nick created after he was fired from the network following controversial statements he made in an interview with Professor Griff.
Nick’s team released a statement that states,
“It is just that simple, Wild’N Out belongs to Nick! The show was created by Nick Cannon with his idea and original thought. Wild’N Out has brought billions of dollars in revenue to Viacom since 2015. And Nick deserves and has earned everything it is worth.
“From the platforms he provides for other entertainers, the jobs he creates for black youth, the time he gives to mentoring incarcerated men and women, to the money he gives back and puts into communities, homelessness, and people less fortunate. He is constantly evolving both spiritually and mentally, as well as, taking action in learning, education and bridging the gap within the Jewish and African American communities, so that it will allow us to build relationships, work together and learn from each other in order to move forward in equality.”
Nick is reportedly planning to invest the money from the lawsuit into better education in underserved communities, as well as creating psychological programs, youth organizations, and developing inner-city communities.