Lil Wayne and Birdman have recently been having issues over payment, What's hot now is that
the rapper is suing Cash Money for $51million with the hopes
of ending his contract with the label.
According to TMZ , Lil Wayne filed a lawsuit asking a judge to
end his contract with Cash Money. According to the lawsuit,
Wayne says Birdman and company violated the deal by
withholding tens of millions of dollars Cash Money owes him
for his long-delayed album, "Tha Carter V."
From TMZ
Wayne claims because Cash Money is refusing to pay,
he's entitled to walk. But Lil Wayne wants more than
just a declaration of freedom. He's suing for $51
MILLION.
And Wayne wants the judge to declare he's the joint
copyright owner of all Young Money recordings ... which
includes Drake , Nicki Minaj and several others.
Sources connected to Wayne tell TMZ ... if Birdman
antes up then he can release "Tha Carter V," but only if
Wayne gets paid. Wayne says he was supposed to get
an $8 million advance when he began recording in
December, 2013 and another 2M when he completed the
album a year later, but so far he's gotten nothing.
Update: Lil Wayne to Birdman - I'm willing to stay if the price
is right
Lil Wayne will stay with Cash Money and Birdman IF
they ante up the money he's owed ... in fact, we're told
if Cash Money antes up, Wayne has no choice but to
stay.
Sources involved in the case tell TMZ ... Wayne feels
Birdman's decision to avoid paying him is nothing more
than a power play. TMZ broke the story that Wayne is
suing, and a central claim is that Birdman has
consistently stiffed him over the last year.
There are 2 payments that have irked Wayne -- he says
he was owed $8 million when he went into the studio to
record "Tha Carter V" in December 2013, and another $2
mil when he completed the album last month.
We're told the hope is that Universal -- which distributes
Cash Money records -- will step in and earmark the $10
mil for Wayne. And we're told Universal is already
putting pressure on Cash Money to settle.
If Cash Money pays Wayne the $10 mil, it would
essentially eliminate any breach of contract. That means
Wayne would have no legal basis to ask out of the
contract. Even though Wayne's suing for $51 million,
most of that is predicated on future lost profits which
would not be an issue if they settle.
As for the release of "Tha Carter V" ... even if the case
settles the power would be in Birdman's claws.
