Tag Archives: tyga

Multi Million Dollar Lawsuit Filed by Lil Wayne Against Universal Music Group Over Tyga, Drake, and Nicki Minaj Profits Withheld

Lil Wayne is mad, and the hip hop artist has filed a multi million dollar lawsuit against Universal Music Group for withholding profits that the Young Money head honcho was due for artists Tyga, Drake, and Nicki Minaj. UMG is the Cash Money Records parent company, and Young Money Records has a joint venture with CMR. In the lawsuit there are allegations from Lil Wayne that Universal has witheld and failed to pay tens of millions of dollars for the 3 artists. The lawyer for Lil Wayne released a statement explaining that Cash Money had a debt with Universal for $100 million that was paid for advances.

The lawsuit filed by Lil Wayne alleges that profits for YMR should not have been withheld to cover CMR debt, since CMR only owns 51% of YMR and Lil Wayne directly holds the other 49% himself. According to a respresentative for Lil Wayne’s lawyers “Ignoring Lil Wayne’s documented ownership interest in the records of these artists, Universal confiscated Wayne’s profits to repay the large Cash Money Records debt for which neither Wayne nor his Young Money Entertainment company has any responsibility. Universal further deprived Wayne of millions of dollars in SoundExchange royalties owing on account of his ownership of these records.”

A representative for Universal Music Group gave a statement to Rolling Stone explaining “These claims are entirely without merit. It should be no surprise that we learned of the lawyer’s complaint through the news media. We don’t intend to dignify this with further public comment except to say that we will vigorously contest it and that the merits of our case will carry the day.” The Hollywood Reporter has issued a report stating that Lil Wayne is asking for $40 million in the lawsuit.

There is no longer a valid agreement between YMR and CMR, the joint venture expired in June of last year. The latest Lil Wayne lawsuit is also separate and in addition to the one filed last year by the hip hop artist against Birdman, the head of Cash Money Records, which asks for $51 million. This initial lawsuit caused a lot of infighting and bad blood in the music industry but Lil Wayne and Birdman have made attempts to tone things down even though this lawsuit has not been resolved yet either.

Tyga and Drake Bury Beef with a Little Help from Kanye West

Few have missed the beef between Drake and Tyga, although many are still not sure what happened or why the two were beefing in the first place. YMCMB did not do great in the year 2015, that was no secret, and the tension between Lil Wayne and Birdman caused some to question whether the label could move forward and stay viable with all of the infighting that went on. The fight between Tyga and Drake was ended during the latest Kanye West fashion show, when West made the two address their issues.

When Tyga talked about the Drake feud with Los Angeles’Real 92.3 during an interview the young Kardashian paramour and rapper in his own right and explained that West put the two in a room and demanded that they squash their differences. Tyga said “Ain’t no tension… We cool. We on good terms. He put us in a room together when he was doing his fashion show… We gave each other a hug and just chopped it up… If somebody’s not taking anything away from you, your family or from your money then you should never have a problem, as a man.” Tyga even tweeted this post on social media “If somebody’s not taking anything away from you, your family or from your then you should never have a problem, as a man.” @Tyga. Maybe Kanye could step in and work with Drake and Chris Brown now, because that is a feud that doesn’t seem to be stopping anytime soon.

Mack Main Speaks With Rap-Up About Drake’s Junior Album Releasing 2013

mack-main-drake-album

Mack Main spoke with Rap-Up.tv on Saturday at the Cash Money Pre-Grammy Party. The Young Money president spoke of greatness to come out in 2013 with Lil Wayne‘s, Drake‘s, and Tyga‘s album dropping this year. When Rap-Up asked about, “Nothing Was The Same“, Mack Main commented, “He’s on the same pace as he always is to drop a classic. He’s like 10 songs in. Knowing him, that’s only like 4 songs, he probably won’t keep 6 of them. He’s a perfectionist though”. If you heard Drake’s last two albums, you can only expect greatness.

Drake, “Tonight Is Going To Be Magic In L.A.”

Drake performs with Nicki Minaj and Young Money family during his show at Club Nokia in Los Angeles. Nicki Minaj performed “My Chick Bad” and “Lil Freak”. Tyga, Mack Maine, and Lil Twist then joined them to perform “BedRock“. Drizzy Drake also brought out Soulja Boy to perform “Pretty Boy Swag“ and also Nipsey Hussle performed..