Music Biz: Lil Wayne Reportedly Wants Young Money Records Dissolved
he ongoing issues between Birdman and Lil Wayne have reached new heights, as Wayne has petitioned to dissolve Young Money Records if Cash Money does not get their act right, according to The Blast.
Previously, Lil Wayne hit Cash Money Records with a lawsuit claiming that Birdman and the label owed him over $50 million, which includes an $8 million advance for his Tha Carter V album. The $50 million was supposed to be given to Wayne after the Young Money joint venture was formed between him and Cash Money in 2003.
Now, it seems Lil Wayne may be fed up with the whole process according to court documents he recently filed. The documents asked the court to “appoint a receiver to supervise the operations of the Young Money Label joint venture or order the termination of Young Money Label joint venture and appoint a liquidator.”
Wayne feels like he’s brought in tons of talent to the label, including Drake and Nicki Minaj, but claims Birdman financially screwed him over.
Birdman makes it clear, nobody should be appointed to take over or dissolve Young Money.
Timeline of issues other Cash Money Records Artists had with Birdman and their money