More deets have emerged from Lil Wayne’s Cash Money lawsuit and he says ALL of his artists got screwed. More on that -ish inside, plus get the deets on Puff Daddy’s move to Epic.
We’ve been covering Lil Wayne’s $51 million lawsuit against Cash Money for a few months now, but there was always something “missing” from the conversation.
While Weezy’s Young Money label supported Tyga, Drake and Nicki Minaj we rarely hear those three go at Slim and Birdman. Why? If they are all a part of Young Money, and Cash Money screwed Young Money, shouldn’t they all be dropping diss records?
Well….we can’t speak on the behalf of Nicki, Drake or Tyga’s legal reps….but Weezy says Birdman made everyone grab their ankles. So here’s the new news…..
In Weezy’s bitter lawsuit, he says he’s got letters from Drake and Tyga’s people claiming they got stiffed out of a fortune too. And Nicki’s legal eagles say her producers didn’t get paid! Geeez….at least pay the dude who produced “Anaconda!”
Here’s the breakdown…via TMZ:
Young Money claims it was supposed to get $100 million advance from Universal (but that check went to Cash Money) and they NEVER saw any of it!
In response, Cash Money claims they gave Wayne a $20 million advance for Young Money in 2012, another $12 million for Weezy’s solo album and another $70 million in advances, royalties, marketing and recording costs for various Young Money artists. Are you keeping up? Cash Money claims they don’t owe him -ish and Drake, Tyga and Nicki should have their monies by now.
And in true record company fashion….Cash Money say Wayne OWES them. The label claims that Wayne and his artists were supposed to deliver 21 albums over 7 years, but only made 13. It’s a hot mess all around……but shoutout to Cash Money’s legal team. They fixed it up and made a case for Wayne being in debt to the label. Clever.
Question – does Cash Money pay their lawyers on time?
Moving onto a good legal situation…
The rich get richer…..
Sean “Puff Daddy” Combs, yea, he is back to “Puff Daddy” and his iconic music imprint, Bad Boy Entertainment, has a new home. After 22-years in the game, the label is now in partnership with Epic Records, a Sony Music company.
What does the deal entail? While exact $$$ haven’t been revealed, we do know that their “deal” includes two Puff Daddy albums and provides a home for all Bad Boy artists, covering their promotion, marketing, sales and distribution.
Puff plans to celebrate the signing on October 13th at the BET Hip-Hop Awards in Atlanta.
In a statement regarding the deal, Epic exec LA Reid said,
“Sean ‘Diddy’ Combs aka Puff Daddy and I have been musical collaborators since the 1990s, when we both ran independent record labels. … Over the years, we not only enjoyed incredible success together, but we also became lifelong friends. Today, of course, Puffy is truly in a league all his own, continuing to influence culture and ignite musical revolutions time and time again. He’s a true innovator and I could not be more excited to join forces once again.”
“I have known L.A. Reid since the very beginning and together we have enjoyed countless successes over our long friendship, To now work with L.A. in this capacity feels more like a homecoming than a new beginning. To collaborate with L.A. Reid is to collaborate with the very best.”
Congrats to Puff!
Photo via Getty/Lil Wayne IG/Diddy IG