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Thursday, January 29, 2015

The Real Reasons Why Lil Wayne Is Suing Birdman and Cash Money Records for $51 Million

Lil Wayne and Birdman

Nationwide — Rapper Lil Wayne also known as Weezy has filed a $51 million lawsuit against Birdman and Cash Money Records.

According to TMZ, Weezy is claiming that Cash Money owes him an $8 million dollar advance, and violated the terms of his record deal by withholding the release of his next album, Tha Carter V, even though he delivered the completed album in December 2014. Now, he reportedly wants to dissolve his contract with the label.

But that’s not all

Weezy also wants to split copyright ownership of all Young Money recordings, including all catalogs from both Drake and Nicki Minaj.

His lawyer, Michael Kramer, told the Daily News that since Cash Money hasn’t paid the $8 million for that album, “It appears they won’t be paying Lil Wayne for the two additional albums” that the contract calls for.

And it gets worse

On top of all of that, the label has allegedly failed to pay for overhead and failed to file royalty reports for Drake – who is on Lil Wayne’s Young Money imprint. The suit says, “Cash Money has failed to provide a single accounting in respect of the exploitation of the Drake recordings, despite Drake being one of the best-selling recording artists in recent years.”

Weezy wants out

Weezy recently voiced his frustration on Twitter when he said: “I want off this label and nothing to do with these people but unfortunately it ain’t that easy. I am a prisoner and so is my creativity.”

So far, Cash Money Records has not responded to requests for a comment, but sources say Birdman is highly upset that Weezy is trying to bail on a binding contract and that he putting their relationship on blast.

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