Lil Wayne and Birdman have fallen out over money, record deals, and artists under their label. What's new now is that the rapper is suing Cash Money for $51million with the hopes of ending his contract with the label.
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."
According to Wayne, 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.
Lil 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.
Universal -- which distributes Cash Money records are 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.
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