Lil Wayne sues Cash Money Records for Sh4.6 billion
Lil Wayne has filed a lawsuit against Birdman‘s record label, Cash Money Records.
According to TMZ, the rapper says Birdman and his company violated their deal by withholding tens of millions of dollars for his album, Tha Carter V.
Cash Money is refusing to pay the $51 million (Ksh4.6 billion) dollars Wayne believes he’s entitled to.
Wayne claims this is more than enough reason to walk away from Cash Money Records and terminate all ties.
Weezy broke the facts in figures down to the Los Angeles Times and explained “he is owed $10 million, per a 2012 contract extension that would see Cash Money giving him a $10-million advance per solo album — $8 million to be paid at the start of recording and then $2 million being paid upon delivery, according to the lawsuit.”
Not only is he asking for this staggering figure, but he’s also suing for the joint copyright ownership of Young Money Records, allegedly making the rapper entitled to a cut of the royalties acquired by both Nicki Minaj and Drake.
The Cash Money millionaire wrote fans “I want u to know that my album won’t and hasn’t been released bekuz Baby & Cash Money Rec. refuse to release it…I want off this label and nothing to do with these people but unfortunately it ain’t that easy.”