Details surface on Cash Money/Lil Wayne lawsuit

(WWETV) Details have surfaced about the behind the scenes tension happening between Birdman and Lil' Wayne. In the following you will see bullet points provided by a 21-page suit, posted Mark H. Jaffe, via Reason4Rhymes.com: 1. Lil Wayne’s Young Money Entertainment is technically not owned by Lil Wayne because his “Pa”, Birdman, owns 51% interest in the label while Weezy owns 49%. 2. Cash Money Records failed to provide Weezy and/or Young Money with accounting statements and payments of net profits for years. 3. Since early 2012, Cash Money has failed to provide monthly accounting statements and/or failed to pay Young Money its share of receipts with regard to Drake’s recordings, who is signed to Young Money. 4. Cash Money has failed to provide a single accounting in respect of the exploitation of the Drake recordings, despite Drake being one of the best selling recording artists in recent years. 5. Cash Money has failed to pay Young Money any royalties for recordings owned and commercially exploited by Young Money. 6. Cash Money failed to properly register the copyright in the Young Money Label recordings as jointly owned by Cash Money and Carter/Young Money LLC. 7. Cash Money would refuse to sign artists that Lil Wayne brought to join Young Money. 8. Cash Money failed to account to and pay third parties (i.e. producers, etc.) involved with recording artists signed to Young Money. And these are just a few things brought out in the lawsuit, among many from Birdman and Cash Money.

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