Thursday, 29 January 2015

Lil Wayne Forced To Stay With Cash Money If Birdman Pays

Recent reports claim Lil Wayne will be suing Cash Money and Birdman for $51 million and now it has come out that if Wayne does get his money that he is owed, he will have no other choice but to stay with his longtime label.
According to new reports, if Birdman coughs up the $10 million Wayne is owed, the Young Money head will be forced to stay with Cash Money.
“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.” (TMZ)

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