Phan attended Ringling College of Art and Design but dropped out due to financial issues. In March 2014, Phan received her Honorary Doctorate of Arts degree from Ringling.
In May 2014, Phan announced her partnership with Endemol Beyond USA to build a talent network to feature people from YouTube and create content for millennials. The ICON network, dedicated to "beauty, lifestyle and entertainment", launched in March 2015 online and on television via Roku. In September 2014, Phan partnered with Cutting Edge Group to launch Shift Music Group. Phan published a book with Random House in October 2014, titled Make Up: Your Life Guide to Beauty, Style, and Success -- Online and Off.
In July 2014, Ultra Records sued Phan in the United States District Court for Los Angeles for copyright infringement relating to the music used in her YouTube videos. Ultra sought up to $150,000 in damages per infringement for up to 50 instances of alleged infringement, for a total of up to $7.5 million. Phan's representatives stated that she had received permission from Ultra to use the music, and Phan filed a countersuit against Ultra Records on September 18, 2014, in the United States District Court for the Central District of California. In August 2015, both suit and countersuit were dropped when both parties agreed to settle out of court. The terms of the agreement were not made public.