Lil Wayne has taken his unhappiness with Birdman and his Cash Money label to court and now some of the details behind Lil Wayne raw record deal that included promises of money and financing Young money. It seems that this is not the first time Lil Wayne has been unhappy with Cash Money. Starting in 2005 when Lil Wayne and Cash Money settled a dispute with Wayne for an additional royalty rate for more Lil Wayne albums.
Also coming out of this lawsuit is the role Cash Money Record has in Young Money label. Lil Wayne is 49% owner of Young Money, the other 51% belongs to Cash Money and Birdman. Cash Money also has final say on artist signing and development. Cash Money also is responsible for financing Young Money artist projects (studio time, expenses, etc.). One of the biggest allegations is that Lil Wayne and Young Money has never been provided with accurate figures on Young Money artist Drake. Drake has sold over 5 million records worldwide and his latest album is projected to sell over 550,000 units and over 700,000 digital units. That makes you even think if Drake is even getting the proper figures and proper checks.
H/T: DJBOOTH.net