When Mannie Fresh warned “Everything is not resolved” between Lil Wayne and Birdman last week he was not kidding. Monday night The Hollywood Reporter broke the news that Lil Wayne is suing Universal Music Group for “at least $40 million” in profits earned in the careers of Young Money artists Drake, Nicki Minaj and Tyga. The new suit is separate from the still open $51 million lawsuit Wayne has against Cash Money Records.
With Drake teasing an April release of his new album Views From The 6 – an album that would be released through Young Money, Cash Money and Universal – the latest lawsuit could get in the way of it’s release with THR even noting that Views is “in the crosshairs.”
The new suit claims Universal and Cash Money conspired against Wayne and funneled millions in profits from his artist back to Universal to pay off a $100 million debt Cash Money owed to the company. Wayne’s 49% ownership of Young Money Records entitles him to 49% of Drake, Nicki and Tyga’s profits and his lawyers allege that “100% of the profits that should have been paid to Lil Wayne” went right back to Universal.
Wayne’s deal with Cash Money and Universal official expired June 4, 2015 and he has been locked into litigation with the label since January of 2015 after Cash Money refused to release his long awaited album Tha Carter V. Wayne and Cash Money co-founder Birdman seemingly made amends earlier this year after some infighting, but that has yet to put a stop to any of the lawsuits.
Update: A rep for Universal contends Wayne’s claims are “entirely without merit,” in a statement released to Rolling Stone. It should be no surprise that we learned of the lawyer’s complaint through the news media,” the statement read. “We don’t intend to dignify this with further public comment except to say that we will vigorously contest it and that the merits of our case will carry the day.”
Read more: http://www.rollingstone.com/music/news/lil-wayne-sues-universal-music-over-unpaid-royalties-20160328#ixzz44JcPKJSb
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(Via The Hollywood Reporter)