Lil Wayne Sues UMG And Soundscan Over Unpaid Royalties
March 29, 2016 at 4:31 AM (PT)
LIL WAYNE continues to keep his legal beagles hopping... this time with a lawsuit against UNIVERSAL MUSIC GROUP. ROLLING STONE reports the rapper, "who spent much of 2015 feuding with CASH MONEY CEO BIRDMAN over a $51 million lawsuit the rapper filed, has now shifted his attention to CASH MONEY's distributor UNIVERSAL MUSIC GROUP, accusing the label of withholding royalties from both his music and the artists his YOUNG MONEY label helped foster. LIL WAYNE's legal team filed a federal lawsuit against UMG MONDAY (3/28), with the rapper seeking over $40 million in damages."
WAYNE is claiming that rather than pay him, UMG is repaying its own debts with YOUNG MONEY.
"With UNIVERSAL’s knowledge of LIL WAYNE’s rights to partial ownership and profits from those artists, UNIVERSAL and CASH MONEY entered into a series of agreements which, among other things, diverted LIL WAYNE’s substantial profits to repay debts of CASH MONEY," WAYNE's lawsuit states. "As a result, 100% of the profits that should have been paid to LIL WAYNE as a result of his ownership of DRAKE, NICKI MINAJ and TYGA records have been seized by UNIVERSAL to repay debts that were neither incurred by nor were the obligations of LIL WAYNE."
In addition to UMG, the lawsuit also names SOUNDEXCHANGE, noting, "SOUNDEXCHANGE refuses to pay any of the money due to YOUNG MONEY LLC and [LIL WAYNE] individually based on UNIVERSAL's conflicting demand."