The suit reads: “Plaintiffs are informed and believe… that, subsequent to termination, specifically in or about June of 2020, Lil Wayne was able to sell the Young Money Masters to Universal Music Group for in excess of $100 Million.” “specifically in or about June of 2020, Lil Wayne was able to sell the Young Money Masters to Universal Music Group for in excess of $100 Million.”
#Cash money records full
Since Young Money launched as an imprint/JV of/with Cash Money, the label has put out huge records by artists such as Drake (including Scorpion, Views, Nothing Was The Same and If You’re Reading This It’s Too Late), plus Nicki Minaj (including Pink Friday, Pink Friday: Roman Reloaded, The Pinkprint) and Wayne himself (including Tha Carter IV, Rebirth, I Am Not A Human Being).Īccording to Sweeney’s lawsuit, which you can read in full through here, in June 2020, the artist sold Young Money’s entire catalog of masters to Universal Music Group in a nine-figure deal. An important bit of history: Young Money Entertainment was formed by Lil Wayne in 2005, following a renegotiation with the artist’s label, Cash Money Records (which itself is a subsidiary of Universal Music Group).