Lil Wayne’s $51 million lawsuit against Cash Money Records and its head Birdman was a shock to many. What we didn’t know is how far the label’s shady dealings with Weezy, his Young Money Entertainment and artist Drake ran.
According to 21-page suit, posted Mark H. Jaffe, the f***ery and betrayal goes deep, as seen in the following points via Reason4Rhymes.com:
1. Lil Wayne’s Young Money Entertainment is technically not owned by Lil Wayne because his “Pa”, Birdman, owns 51% interest in the label while Weezy owns 49%.
2. Cash Money Records failed to provide Weezy and/or Young Money with accounting statements and payments of net profits for years.
3. Since early 2012, Cash Money has failed to provide monthly accounting statements and/or failed to pay Young Money its share of receipts with regard to Drake’s recordings, who is signed to Young Money.
4. Cash Money has failed to provide a single accounting in respect of the exploitation of the Drake recordings, despite Drake being one of the best selling recording artists in recent years.
5. Cash Money has failed to pay Young Money any royalties for recordings owned and commercially exploited by Young Money.
6. Cash Money failed to properly register the copyright in the Young Money Label recordings as jointly owned by Cash Money and Carter/Young Money LLC.
7. Cash Money would refuse to sign artists that Lil Wayne brought to join Young Money.
8. Cash Money failed to account to and pay third parties (i.e. producers, etc.) involved with recording artists signed to Young Money.
And these are just a few things brought out in the lawsuit, among many from Birdman and Cash Money.
So what do you think? Does Lil Wayne deserve payback from Birdman and Cash Money? Does all this change your thinking about Cash Money’s “family” image as a strong record label?
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Celebs Who Hail From Louisiana
1. Wendell Pierce - New Orleans, LASource:PR Photos 1 of 21
2. Toya Wright- New Orleans, LouisianaSource:Instagram 2 of 21
3. Lil' Wayne- New Orleans, LouisianaSource:AP 3 of 21
4. Quvenzhané Wallis- Houma, LASource:PR Photos 4 of 21
5. Anthony Mackie- New Orleans, LouisianaSource:PR Photos 5 of 21
6. Rocsi Diaz- New Orleans, LouisianaSource:PR Photos 6 of 21
7. Paul Mooney- Shreveport, Louisiana7 of 21
8. Frank Ocean- Baton Rouge, Louisiana8 of 21
9. Randy Jackson- Baton Rouge, Louisiana9 of 21
10. J.R. Martinez- Shreveport, Louisiana10 of 21
11. Romeo and Master P- New Orleans, Louisiana11 of 21
12. Birdman- New Orleans, Louisiana12 of 21
13. Nnamdi Asomugha- Lafayette, Louisiana13 of 21
14. Ellen Degeneres- Metairie, Louisiana14 of 21
15. Marshall Faulk- New Orleans,15 of 21
16. Peyton Manning- New Orleans, Louisiana16 of 21
17. Garrett Morris- Morgan City, Louisiana17 of 21
18. Warrick Dunn- Baton Rouge, LA18 of 21
19. Reese Witherspoon- New Orleans, Louisiana19 of 21
20. Louis Armstrong- New Orleans, Louisiana20 of 21
21. Mystikal- New Orleans, Louisiana21 of 21
(Photo Source: AP)