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Lil Wayne Denies Founding Music Company To Steal Profits From Drake

The rapper is taking legal action. 

Lil Wayne is reportedly being accused of founding the Aspire Music Group in order to steal profits from his Young Money signee Drake, The Blast reports. Wayne is denying the claims however, and is taking legal action against Aspire in response.

Wayne, Birdman, and Cash Money have reportedly filed a lawsuit against AMG for allegedly conspiring to siphon money from Drake's music deal.

According to legal documents obtained by The Blast, Wayne and Cash Money claim the company was only built to take profits from Birdman, Tunechi, and Young Money. "There was no business purpose to forming Aspire, other than to siphon profits out of the joint venture and to divert those profits to Sweeney, Bryant, and Carter/ Young Money," Cash Money said in the lawsuit. "Aspire never conducted any business other than getting Drake signed to a record label. Aspire has never signed, nor sought to sign, a single additional artist."

By contrast, Aspire claims that the suit was filed in order to "concoct a new fantasy narrative that casts Cash Money as the long-suffering victim of a scheme orchestrated by the very parties that it just settled with – Young Money and its owner principal Dwayne Carter."

The new lawsuit comes shortly after Cash Money and Universal settled its legal case related to similar claims earlier this year. It's unclear how the parties will settle this case.

READ MORE: Lil Wayne Reportedly Wins Lawsuit Against Birdman

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David Becker

Suge Knight Reportedly Signed Over His Life Rights To Ray J

Suge Knight may be locked behind the G-Wall, but the former hip-hop mogul is attempting to keep the cash flow flowing.

Monday (Oct. 21), TMZ reported that Suge Knight has signed over his life rights to Ray J, with the hopes that the reality television star will create some lucrative deals for the Death Row CEO.

According to the report, a Suge Knight and Death Row Records documentary is in the works, as well as a Tupac album. There are even talks of reviving Death Row Records.

The former CEO was sentenced to 28 years in prison last October after pleading no contest to a charge of voluntary manslaughter for a January of 2015 incident in which he struck and killed 55-year-old Terry Carter and injured Cle "Bones" Sloan in a hit-and-run.

Ray J recently inked a $1 million deal in the cannabis industry and has major investments in the headphones and scooter industries as well.

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Paras Griffin

Youngboy NBA Snatches His First No. 1 Album On 'Billboard 200' With 'Al Youngboy 2'

Baton Rouge's Youngboy NBA's heart-driven songs about pain, confusion, violence, and the imperativeness of getting his hands on some cash money has garnered the young king his first No. 1 album on 'Billboard 200, ' thanks to Al Youngboy 2.

AI YoungBoy 2--led by singles "Carter Son," "Self Control" and "Slime Mentality-- " is the 12th chart entry on the 'Billboard 200' for the North Baton Rouge MC, who has visited the with 2018’s Until Death Call My Name. The first installment of Al Youngboy debuted at No. 24 back in 2017.

AI YoungBoy 2 is the 20-year-old rapper’s first album after being released from prison in August.

Coming in at No. 2 is Post Malone’s Hollywood’s Bleeding climbs one rung with 99,000 equivalent album units (though down 8%). Summer Walker’s Over It falls from No. 2 to No 3 with 78,000 units, and DaBaby’s former leader Kirk is steady at No. 4 with 55,000 units down.

Lil Tjay’s debut album True 2 Myself settles No. 5 with 45,000 equivalent album units earned. The 17-track project features the top 30-charting Hot R&B/Hip-Hop Songs hit “F.N.”

Wale’s sixth studio album, Wow… That’s Crazy, lands at No. 7 on the Billboard 200 with 38,000 equivalent album units moved.

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Rich Fury

Kanye West Confirms Release Date For 'Jesus Is King'

Kanye West has confirmed a release date for his long-awaited album, Jesus Is King.

Mr. West took to Twitter early Monday morning (Oct. 21) to share the news.

"'JESUS IS KING' OCT 25th," the Chicago native tweeted along with a photo of a blue vinyl record that sports the title of the LP.

“JESUS IS KING” OCT 25th pic.twitter.com/Ug4ghlQYk7

— ye (@kanyewest) October 21, 2019

After missing the Sept. 27 birthday for Jesus is King, Ye has continued to promote the project through his Sunday Service events.

According to Ye's Pastor Adam Tyson, the College Dropout rapper almost quit rap.

"One time, he told me that he wasn't going to rap," Tyson said (check the 23:30 mark). "I said, 'Why not?' He said, 'That's the devil's music.' I said, 'Hey, man. Rap is a genre. You can rap for God.' I think he was already thinking about it a little bit, but I definitely said, 'Hey, bro. I think you need to use your talents that God's given you and use that platform for God.'"

However, Mr. West has had a change of heart, and it looks like Jesus is King will drop the same day as the IMAX film.

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