Tuesday, 29 March 2016

Lil Wayne Sues Universal Music Group For Unpaid Royalties On Drake, Nicki Minaj & Tyga


Lil Wayne is reportedly suing Universal Music
Group for unpaid royalties.
Lil Wayne has been on the receiving end of several
lawsuits over the past couple years, but this time
around the tables are being turned. Reports are
surfacing all over the web tonight that Lil Wayne is
suing Universal Music Group for royalties he’s
apparently owed for profits gained by Drake , Nicki
Minaj, & Tyga .
Wayne is claiming that he been shorted millions from
his work discovering and nurturing the multi platinum
artists, with Universal Music Group paying itself
instead of shelling out royalties. According to
Wayne’s lawsuit, Universal has diverted tens of
millions of dollars of his profits to repay itself for the
$100 million it advanced to Cash Money.
“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.”
According to The Hollywood Reporter, Lil Wayne is
suing for $40 million in damages in the lawsuit. And
for what it’s worth, this lawsuit is entirely different
from the $51 million Wayne is suing Birdman & Cash
Money.






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