Lil Wayne Files Lawsuit Against Universal Music Group Over Cash Money Deal
Lil Wayne is still pursuing his legal fight to get compensated from music companies. According to TMZ, the New Orleans native is now suing Universal Music Group, the distributor for Cash Money Records.
The website reports Wayne filed a federal lawsuit against Universal, claiming a portion of the $100 million UMG paid out to Cash Money is rightfully his. He asserts most of the revenue earned by CMR came from acts like Drake, Nicki Minaj, and Tyga. All three performers are signed to Wayne’s Young Money imprint.
Wayne previously filed a separate lawsuit against Cash Money for unpaid royalties and album advances. He also alleged CMR still owed money to Drake and Tyga as well as several producers that worked on Young Money projects.
Published legal documents showed the parties supposedly agreed to a 51%-49% split between Wayne and Cash Money for revenues from Young Money. In addition, the papers claim YM was to receive one-third of the net profits from the sale of Drake’s solo recordings.
Cash Money entered into an unprecedented partnership with Universal Music Group in 1998. The label signed a $30 million distribution deal which reportedly included CMR receiving a $2 million advance every year, 85% of its royalties, and ownership of all masters.