Lil Wayne may have squash things personally with Birdman, but the rapper is still on the push for his paper, in suits against Cash Money and as of today (March 28) a new lawsuit filed the Young Money superstar against parent record company, Universal Music Group.
In the new suit, according to The Hollywood Reporter, Weezy is seeking profits from UMG over money owed to him for his singings: Drake, Nicki Minaj and Tyga.
The rapper claims UMG is withholding money he deserves because the label is re-routing money back to the parent company over $100 million Cash Money was advanced and yet to pay back.
"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," the 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."
Lil Wayne is also suing SoundExchange, a company responsible for paying artists money owed for digital rights.
An interesting note in the lawsuit, Wayne's arrangement for Young Money via Cash Money began in 2003 (which called for a 51 percent/49 percent split between the label and Wayne) has now lapsed after several extensions and it's unclear how that would affect Drake's forthcoming LP, Views From The 6, due next month.