Lil Wayne Sues Universal Music Group for $40 Million
After suing Cash Money Records for $51 million last year, Lil Wayne has filed a new lawsuit against the label's partner, Universal Music Group.
According to Billboard, the rapper is seeking $40 million in damages and profits he claims he's owed from recordings of his Young Money roster, including Nicki Minaj, Drake, and Tyga.
Weezy claims instead of getting paid, the money was used to help Cash Money get out of debt.
"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 reads. "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."
Wayne's lawyer, Howard E. King, released a statement saying UMG has earned millions on distribution fees alone, but have no right to seize profits to pay back Cash Money's debt. "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."
Since the lawsuit was filed, a UMG spokesperson discredited Wayne's case, saying: "These claims are entirely without merit. It should be no surprise that we learned of the lawyer's complaint through the news media. 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."
In addition to a $40 million judgement, Wayne is seeking the rights regarding the distribution of label performance royalties.