There could possibly be and end in sight in the ongoing Cash Money vs Young Money war! TMZ reports Lil Wayne has made good on his promise to go after Cash Money because he's filed a lawsuit asking a judge to end his contract with Birdman's label.
According to the lawsuit, obtained by TMZ, Wayne says Birdman and company violated the deal by withholding tens of millions of dollars Cash Money owes him for his long-delayed album, "Tha Carter V."
Wayne claims because Cash Money is refusing to pay, he's entitled to walk.
But Lil Wayne wants more than just a declaration of freedom. He's suing for $51 MILLION.
And Wayne wants the judge to declare he's the joint copyright owner of all Young Money recordings which includes Drake, Nicki Minaj and several others.
Lil Wayne will stay with Cash Money and Birdman IF they ante up the money he's owed ... in fact, we're told if Cash Money pays up, Wayne has no choice but to stay.
Sources involved in the case tell TMZ, Wayne feels Birdman's decision to avoid paying him is nothing more than a power play.
There are 2 payments that have irked Wayne -- he says he was owed $8 million when he went into the studio to record "Tha Carter V" in December 2013, and another $2 mil when he completed the album last month.
We're told the hope is that Universal -- which distributes Cash Money Records -- will step in and earmark the $10 mil for Wayne. And we're told Universal is already putting pressure on Cash Money to settle.
If Cash Money pays Wayne the $10 mil, it would essentially eliminate any breach of contract. That means Wayne would have no legal basis to ask out of the contract. Even though Wayne's suing for $51 million, most of that is predicated on future lost profits which would not be an issue if they settle.
As for the release of "Tha Carter V" ... even if the case settles the power would be in Birdman's claws.
Nicki Minaj, nor Drake have weighed on in the ongoing litigation.
No comments:
Post a Comment