Lil Wayne Finally Released From Cash Money Records
After a long fight in court and public back-and-forth, Lil Wayne has purportedly at last achieved a settlement with Birdman, Cash Money and Universal Records. As indicated by The Blast, Howard King, who is the “Vizine” rapper’s lawyer, documented a notice on May 23 with the court, uncovering that all parties were prepared to dismiss the suit, which discharges Weezy from his Cash Money contract.
Clashing reports about the correct dollar amount of the settlement are being circulated, however it’s reputed to be more than $10 million. A source told the outlet that Birdman did not fork over any of the dough for the sum, as it was settled by Universal Records. The major label reportedly settled for the large sum of cash because of their conviction that they can recover it from Drake and Nicki Minaj’s anticipated projects.
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Weezy will likewise apparently have the capacity to release his hotly anticipated Tha Carter V album, however it will drop through Universal Records and not Cash Money, as he has at long last disjoined ties with the veteran hip-hop record.
If you can recall, the Wayne has been in a long fight in court with Birdman and Cash Money after initially suing them to void his recording contract. The veteran rapper guaranteed that the label owed him a huge amount of dollars, including an $8 million advance for Tha Carter V, and in addition $2 million after the album was finished. Beforehand, it was accounted for, that Weezy was also requesting that a judge announce him the joint copyright holder of all of Young Money Entertainment recordings.
Since he has been discharged of his contract, hopefully, Lil Wayne can convey his anticipated Tha Carter V album sooner rather than later.