Lil Wayne Sues Cash Money, Wants Out of Contract
Lil Wayne wants out.
The rapper is suing Cash Money, filing a lawsuit asking for the immediate termination of his contract with Birdman’s label.
According to the lawsuit, Wayne says Birdman “violated the deal by withholding tens of millions of dollars Cash Money owes him for his long-delayed album, ‘Tha Carter V.'”
Cash Money’s failure to pay, in Wayne’s view, means he’s free to bail on the label. But Wayne is not just seeking release from his contract, he wants the $51 million he feels he’s owed. Presumably, the majority of that sum is in damages, since Wayne was only owed $8 million for the advance when he began recording in December 2013, and an extra $2 million when the album was completed. Still, Wayne is going straight for the jugular. Case in point, he also wants the judge to make him co-owner to the copyright on ALL Young Money recordings. This includes the catalogs of Drake, Nicki Minaj, and countless other superstars of hip-hop.
However, Wayne will allow Birdman to release “Tha Carter V” without suing, but only if he pays up first.
This could have major repercussions on the Cash Money brand if it goes to trial and Wayne comes out the victor. If nothing else, I’d say he has a case for the compensation he’s owed. What do you think?