Chris Brown Settles Beef ... Over Gay Pride Gig

9/14/2015 12:30 AM PDT

Chris Brown Settles Beef Over Gay Pride Concert

EXCLUSIVE

Chris Brown and the folks who accused him of bailing on ATL Black Gay Pride Weekend have settled their differences ... and all it took was CB forking over $12,500.

According to our sources, a deal really was in place for CB to perform at the September 7 event, but details of the performance never got to Chris.

We're told the talent agency that booked the gig for Chris believed the event promoters had breached the contract -- by using the wrong pic of Chris on posters -- so they never told him about the deal, which is why he never showed

But both sides just want to squash the mix-up -- so we're told Chris' agency returned the $12,500 deposit. However, the Pride promoters say they haven't received the dough yet, and they'll sue if they don't get it soon.