LIL WAYNE FILES $40M LAWSUIT AGAINST UNIVERSAL MUSIC GROUP…
Lil Wayne’s lawsuit against Cash Money Records C.E.O. Bryan “Birdman” Williams for $51 million shook the Hip Hop world when first announced and though the pair have popped up in photos together and are clearly on speaking terms, the suit is still ongoing. Yesterday (March 28), Wayne also turned to Universal Music Group, as he filed a $40 million lawsuit against the company for damages and unpaid profits.
According to mAdE t.V sources, the lawsuit claims that Lil Wayne was not paid for discovering and fostering the careers of Drake, Nicki Minaj and Tyga, three artists he signed to his Young Money Entertainment imprint. Wayne’s label, along with Cash Money Records are both signed to Universal Music Group. The Lawsuit alleges that instead of using the money generated by the three artists to pay Wayne, UMG funneled that money back to themselves in order to recoup the $100 million advance they paid to Cash Money Records.
Lil Wayne’s Attonery Howard E. King:
Universal should be grateful and respectful to Lil Wayne for the millions of dollars in distribution fees and profits they have earned on the artists he brought to the company. instead of seizing all of his profits on those artists in a desperate attempt to recoup the tens of millions of dollars they are owed by Cash Money Records.
Giztzzz… mAdE t.V!