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Lil Wayne Sues Universal Music, Says He’s Owed Profits From Drake, Nicki Minaj & Tyga

March 29, 2016
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Universal Music Group is paying itself instead of shelling out royalties it owes Lil Wayne, according to a federal lawsuit filed by the rapper-producer’s attorneys Monday in California.

Dwayne Carter Jr., known as Lil Wayne, is suing UMG and SoundExchange, claiming he’s been shorted millions from his work discovering and nurturing artists like Drake, Nicki Minaj and Tyga.

Carter claims Universal has diverted tens of millions of dollars of his profits to repay itself for the $100 million it advanced to Cash Money Records, Inc.

“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,” states the complaint. “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.”

Carter’s Young Money Label is a joint venture with Universal’s Cash Money Records designed to manufacture, distribute, promote and exploit performances of new recording artists discovered by Carter and signed to the label, according to the complaint.

He claims their 2003 agreement states the label’s profits “would be divided 51% – 49% between Cash Money and Carter, and 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, respectively.”

After multiple extensions, the term expired June 4, 2015, which puts Drake’s upcoming album in the crosshairs.

“Universal should be grateful and respectful to Lil Wayne for the millions of dollars in distribution fees and profits they have earned on the artists he brought to the company, instead of seizing all of his profits on those artists in a desperate attempt to recoup the tens of millions of dollars they are owed by Cash Money Records,” said Carter’s attorney Howard E. King of King, Holmes, Paterno & Soriano in a Monday statement.

SoundExchange, the nonprofit that collects and distributes digital performance royalties on behalf of copyright owners, is also named as a defendant in the suit.

Carter claims “Universal has claimed a right to 100% of the label performance royalties attributed to the YME Records” and “SoundExchange refuses to pay any of the money due to Young Money LLC and Carter individually based on Universal’s conflicting demand.”

Carter wants the court to clear it up and is seeking at least $40 million in damages and disgorged profits and a “judgment declaring the parties’ respective rights with regard to Plaintiffs’ share of label performance royalties.”

Universal Music Group did not immediately respond to a request for comment.


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Drake Makes Fun Of Kanye’s Rap Lines, Disses Fabolous In Rolling Stone Interview

February 14, 2014
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> Drake Makes Fun Of Kanye's Rap Lines, Disses Fabolous In Rolling Stone Interview - Photo posted in The Hip-Hop Spot | Sign in and leave a comment below!

Nobody safe. Drizzy season has begun

> Drake Makes Fun Of Kanye's Rap Lines, Disses Fabolous In Rolling Stone Interview - Photo posted in The Hip-Hop Spot | Sign in and leave a comment below!

Drake Tour Live Part 4

June 29, 2010
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Drake’s debut on Young Money pushed back

April 6, 2010
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Rumor mill has hit and it says that Drake’s new album is being pushed back, and might be really, really far from hitting a store/itunes anytime soon.

Drake’s song “Over” really didn’t hit as hard as it should of with radio….

Rapper Kia Shine set to ghost write for Diddy and Jim Jones

March 26, 2010
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The Co-writer of the biggest hit of 2009, Drakes, “Best I Ever Had”, Kia Shine, is back in gear to write material for friend Jim Jones and also do some penmanship for the guy who writes checks, Sean Combs.

Kia Shine has been a major player in the hip hop game since his platinum selling single, “So Krispy” a few years back.

Below is a picture of Kia Shine and his three BMI awards for “Best I Ever Had”

Drake’s New Single “Over”

March 7, 2010
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Drake’s new single, Over

Drake Announces Dates for “The Away From Home Tour”

February 8, 2010
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Drake’s new tour schedule.

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Preparing for the Grammy’s Eminem, Drake, and Jay-Z Pictures

January 31, 2010
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Drake preparing for Grammys

Drake Gets Cover of Complex Magazine

January 25, 2010
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Drake Gets the cover of Complex Magazine