Got Money: Lil Wayne Sues Universal Music Group Over Drake, Nicki Minaj And Tyga
It looks like Birdman isn’t the only person Lil Wayne has beef with. According to the Hollywood Reporter, Weezy is suing Universal Music Group and SoundExchange over profits for discovering and nurturing talents such as Drake, Nicki Minaj and Tyga. He is asking for $10 million in unpaid royalties.
“With Universal’s knowledge of Lil Wayne’s rights to partial ownership and profits from those artists, Universal and Cash Money entered into a series of agreements which, among other things, diverted Lil Wayne’s substantial profits to repay debts of Cash Money,” the complaint reads. “As a result, 100% of the profits that should have been paid to Lil Wayne as a result of his ownership of Drake, Nicki Minaj and Tyga records have been seized by Universal to repay debts that were neither incurred by nor were the obligations of Lil Wayne.”
Tunechi claims that the 2003 agreement between him and UMG states that the label profits are to be split 51 percent – 49 percent between him and his label, Cash Money Records. Subsequently, “ownership of all the Young Money Label property, (e.g., master recordings, copyrights, intellectual property, good will) similarly would be owned 51% – 49% between Cash Money and Carter.”
Lil Wayne’s attorney Howard E. King said that UMG should be “grateful” and “respectful” to an artist like Wayne, who has earned the company millions of dollars for bringing new artists into the industry after previously having them under his tutelage.