Lil Wayne Takes Total Control Of Young Money
After three years of legal battle with cash money records, the legend rapper Lil Wayne, now referred as Weezy, becomes the sole owner of Young Money Entertainment, transitioning from a 51-49 joint partnership with Cash Money, to his owning his imprint outright.
Settling on June 7th at an undisclosed amount as confirmed by Lil Wayne’s attorney, Ron Sweeny, issued a statement:
“Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties. In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.”
Lil Wayne and owner of Cash Money Birdman reportedly had a major fallout in 2015 after Wayne sued Cash Money for $51 million with claims that the label violated his contract terms and delayed his album Tha Carter V several times. This is beside the money he said the label owes him.
Early this year, however, Birdman posted a picture of the two with the caption, Me and My Son.