Lil Wayne Sues Universal Music for Drake and Nicki Minaj’s Earnings
While Lil Wayne has been on the receiving end of a number of lawsuits in recent months, the Young Money rapper has filed one of his own according to The Hollywood Reporter, demanding that Universal Music Group pay him for the acts that he discovered and developed. Wayne's Young Money imprint is a joint venture with Universal and Cash Money, and the rapper feels he is owed tens of millions of dollars for his hand in growing the likes of Drake, Nicki Minaj and Tyga. The rapper is seeking over $40 million in damages.
"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 states. "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."
A spokesperson for Universal Music Group told THR that the claims are entirely without merit. "It should be no surprise that we learned of the lawyer's complaint through the news media," he wrote. "We don't intend to dignify this with further public comment except to say that we will vigorously contest it and that the merits of our case will carry the day.”
Read the full story over at The Hollywood Reporter.
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