Cash Money Honors Lil Wayne with Pre-Grammy Party

The spirit of the upcoming Grammy Awards ceremony will be alive and well this weekend as Cash Money Records honors Lil Wayne with its first annual Pre-Grammy party. The event, which will take place at 8 p.m. Saturday (February 7) at the Montage Beverly Hills' Marquesa Ballroom, will celebrate the rap star’s eight Grammy nominations for his latest album, Tha Carter III.

Since its number one debut on the Billboard charts last June with more than one million copies sold, the triple platinum release emerged as the best-selling album of 2008.

Tha Carter III received a nomination for album of the year and best rap album as well as nods for the singles "Lollipop" featuring Static Major (Best Rap Song), "Got Money" featuring T-Pain (Best Rap/Sung Collaboration), "A Milli" (Best Solo Rap Performance) and "Mr. Carter" featuring Jay-Z (Best Rap Performance by a Duo or Group).

Lil Wayne's inclusion in T.I.'s "Swagga Like Us" garnered additional recognition for the New Orleans MC with nominations for Best Rap Performance by a Duo or Group and Best Rap Song.

The Grammy recognition marks the latest chapter in a string of accomplishments for Lil Wayne.

The rapper recently finished his I Am Music Tour alongside T-Pain, Keyshia Cole, Gym Class Heroes and Keri Hilson. Lil’ Wayne’s achievements come amidst the 10th anniversary of Cash Money’s deal with Universal Music Group.

The alliance between the two labels during its first decade were marked with a string of hit albums from Juvenile, B.G., Turk, Big Tymers, Mannie Fresh, Hot Boys and Bryan Williams, who released music under his musical aliases Baby/Birdman.

Cash Money is currently enjoying the success of its latest artist, Kevin Rudolf.

The rocker’s Lil Wayne assisted first single, “Let It Rock,” was the number one most added song at Top 40, iTunes and ringtone smash.

Rap fans can expect a busy year for Cash Money as the label prepares to release Lil Wayne’s Rebirth on April 7.

The rock album, which features the single “Prom Queen, will be the follow-up to Tha Carter III.

In addition to Lil Wayne, Cash Money will release a new album from Baby this year.

The 51st annual Grammy Awards will air at 8 p.m. ET/PT Sunday (Feb. 8) on CBS from Staples Center in Los Angeles.