Initially he was seeking $10 million and Universal Music, which handles distribution for Cash Money, urged Birdman to settle with Wayne, who threatened to leave Cash Money with his entire Young Money Entertainment roster, which includes Drake and Nicki Minaj.
Wayne claims that Birdman is violating their contract by withholding the release of “Tha Carter V” but Birdman has said that he’ll release the album “in due time.”
In the latest development, Wayne claims the label also owes money to Drake, Nicki and Tyga. TMZ reports that in a recently filed court document, Weezy accuses Birdman of not paying Drake and Tyga based on letters he received from their camps. Additionally, he says he acquired a similar letter from Nicki’s representative alleging that her producers were stiffed out of money as well.
Tyga has talked openly about not getting paid from Cash Money while Nicki and Drake have remained pretty silent on the issue. There have been rumors about Drake’s frustration with the label, as Yahoo reports. During an interview in December, Nicki said she was aware of Wayne and Birdman’s legal drama but she was hopeful the two men would eventually work out.
Wayne also alleges that Young Money was supposed to receive a $100 million advance from Universal. However the money went directly to Cash Money. The company refutes the claims, stating they paid YM a $20 million advance in 2012, then $12 million for Lil Wayne’s solo album, and another $70 million in “advances, royalties, marketing and recording costs for various Young Money artists.”
Cash Money is pointing the finger right back Weezy, saying he’s the one who slacked by only delivering 7 albums from his artists when he was supposed to deliver 21 albums from his artists over the course of 7 years.
Wayne’s Young Money Entertainment is an imprint of Cash Money and back in April 2012, he signed an additional four album deal with Cash Money.