Lil Wayne Reportedly Reaches Eight-Figure Settlement with Cash Money

Lil Wayne Reportedly Reaches Eight-Figure Settlement with Cash Money

Lil Wayne’s lengthy legal battle may finally be over.

The Young Money rapper has reportedly scored a victory in his ongoing fight against Birdman and Cash Money Records. According to court documents obtained by The Blast, Wayne’s attorney, Howard King, filed a notice with the court on May 23 to dismiss the ongoing lawsuit.

Wayne received a significant payday “well over $10 million” to settle the suit, according to the report. The money reportedly came from Universal Records and none of it from Birdman.

Universal was willing to settle because they believe they will recoup the profits from Drake and Nicki Minaj going forward. Both Young Money artists were part of Wayne’s lawsuit.

Chance The Rapper@chancetherapper

WAYNE FREE

12:01 PM - Jun 7, 2018

As part of the deal, Wayne has cut ties with Cash Money and his long-awaited album Tha Carter V will finally be released by Universal.

In 2015, Weezy sued Cash Money for $51 million to terminate his record deal. He accused Birdman’s label of owing him an $8 million advance for Tha Carter V, plus $2 million once the album was complete.

Lil Wayne and Birdman were spotted hanging out together a few times earlier this year. However, according to The Blast, there is currently “no relationship” between them.

As for Tha Carter V, Birdman vowed that the album would be released in 2018. “We’ll get that this year,” he told Rap-Up in February. “I’m guaranteeing you gon’ get it this year.”

 

Source: Rap-Up