Lil Wayne Sues Universal Music Over Unpaid Royalties
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Lil Wayne is definitely on a warpath to money he feels rightfully owed to him. Setting aside the lawsuit with Birdman, the Young Money head honcho is now suing Universal Music over unpaid royalties — specifically in regards to Young Money artists Drake, Nicki Minaj and more.
Said the lawsuit:
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.
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 spokesman for Universal has since responded as well:
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.