Lil Wayne Asks a Judge to Sell Young Money and End the Record Label
In 2015, Young Money CEO Lil Wayne sued his parent label Cash Money Records and its CEO Bryan “Birdman” Williams demanding $51 million in cash plus full ownership of rappers Drake and Nicki Minaj.
According to The Blast, Wayne now wants to dissolve Young Money altogether...
Lil Wayne reportedly filed paperwork asking a judge to either, “appoint a receiver to supervise the operations of Young Money's joint venture with Cash Money Records or shut the label down completely and appoint a liquidator.”
The Blast says Williams is contesting the request. Williams reportedly claimed Wayne has no right to shut down the label while the rapper is still under contract with the company.
Young Money was launched as a joint venture between Wayne and Cash Money in 2003. Wayne reportedly feels like he’s brought in tons of talent to the label, including Drake and Nicki Minaj, but claims he was shortchanged by Cash Money.
Wayne originally sued Cash Money Records, claiming the music exec owed him tens of millions of dollars, including an $8 million advance for “Tha Carter V.”