LIL WAYNE: BIRDMAN BLEW $70 MILLION ... OUR $70 MIL!!

[Colilluminati]

when have they been wrong besides wayne and the coma? you know you can be sued for putting out wrong info? they don't get sued.

Huh?

Wayne in a coma after dying.
Ross in a coma
Chris Brown threw a bag full of guns and drugs out his window.

They always saying anything about hiphop.

 

[Cool Dr. Money]

A bugatti ain't gonna buy it'sself pleighboi

 

[Just like bruddas]

Jayz tried to tell wayne back in 03-04

reference?

 

[Zero]

why is slim never talked about in these discussions?

 

[TEKBEATZ]

This pic is ill

 

[TEKBEATZ]

reference?

http://hiphopdx.com/news/id.2930/title.lil-wayne-to-def-jam

 

[Ol’Otis]

the fukk did he spend 70 mil on?

 

[Artificial Intelligence]

.......................

 

[KENNY DA COOKER]

you guys are making a grave error by really pointing the finger at BIRDMAN whom is the "fall guy" in this situation.....when the real culprit is Lucian Grainge, Doug Morris and UNIVERSAL

shoutout to @bigboss for posting that article which details Wayne's lawsuit against UNIVERSAL RECORDS.....

http://www.thecoli.com/threads/lil-...d-profits-from-drake-nicki-minaj-tyga.414008/


they finessed the fukk out of Wayne....on numerous occasions.....and let's not talk about the TRUCKFIT SITUATION...matter of fact i ain't gonna speak on the Truckfit situation


Please Be Aware.....Wayne actually wanted to leave the Universal Music Group all together , but it was Doug who Wayne admitted influenced Jay-Z to try to bring him over to Def Jam in an effort to keep Wayne and his catalog under the Universal Umbrella just to stall him till he (doug) was able to convince Vivendi ..(the parent company of Universal Records) to greenlight the 100 million plus deal that eventually not only financed the YMCMB situation but at the same time resigned Cash Money to the universal brand...

the deal took years to negotiate and finally was closed succesfully under Lucian Grainge who did everything in his "power" make sure UNIVERSAL was able to get back that 100 million it had advanced to Birdman and Cash Money.....at Lil Wayne's expense unfortunatly...

Lucian Grainge

it's detailed by Wayne's lawyers in this press release:

Universal Music Group is paying itself instead of shelling out royalties it owes Lil Wayne, according to a federal lawsuit filed by the rapper-producer's attorneys Monday in California.

Dwayne Carter Jr., known as Lil Wayne, is suing UMG and SoundExchange, claiming he's been shorted millions from his work discovering and nurturing artists like Drake, Nicki Minaj and Tyga.

Carter claims Universal has diverted tens of millions of dollars of his profits to repay itself for the $100 million it advanced to Cash Money Records, Inc.

"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," states the complaint. "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."

Carter's Young Money Label is a joint venture with Universal's Cash Money Records designed to manufacture, distribute, promote and exploit performances of new recording artists discovered by Carter and signed to the label, according to the complaint.

He claims their 2003 agreement states the label's profits "would be divided 51% - 49% between Cash Money and Carter, and ownership of all the Young Money Label property, (e.g., master recordings, copyrights, intellectual property, good will) similarly would be owned 51% - 49% between Cash Money and Carter, respectively."

After multiple extensions, the term expired June 4, 2015, which puts Drake's upcoming album in the crosshairs.

“Universal should be grateful and respectful to Lil Wayne for the millions of dollars in distribution fees and profits they have earned on the artists he brought to the company, instead of seizing all of his profits on those artists in a desperate attempt to recoup the tens of millions of dollars they are owed by Cash Money Records,” said Carter's attorney Howard E. King of King, Holmes, Paterno & Soriano in a Monday statement.

SoundExchange, the nonprofit that collects and distributes digital performance royalties on behalf of copyright owners, is also named as a defendant in the suit.

Carter claims "Universal has claimed a right to 100% of the label performance royalties attributed to the YME Records" and "SoundExchange refuses to pay any of the money due to Young Money LLC and Carter individually based on Universal’s conflicting demand."

Carter wants the court to clear it up and is seeking at least $40 million in damages and disgorged profits and a "judgment declaring the parties’ respective rights with regard to Plaintiffs’ share of label performance royalties."

Universal Music Group did not immediately respond to a request for comment.

This article was originally published by The Hollywood Reporter.

also keep in mind SOUNDEXCHANGE which is an independent P.R.O (publishing rights organization) much like BMI and ASCAP but focuses on Digitial i.e (streaming and download) royalties was in on the finesse game as well....

UNIVERSAL knew that the concept of a physical LP (album) was a dying format so they prepared themselves by securing 100% rights to the digital revenue as well as passing on the "option" of ever releasing the Carter 5 or any material submitted by wayne which would fulfill Wayne's obligation to the label and force them to have to fully compensate Wayne for his contributions.

this 100 million dollar deal that Universal had giving birdman was intended to secure all digital royalty rights on future cash money/YMCMB releases to make up for the "fukk up" Universal did in the beginnin when they let Birdman get rights to his masters and that huge historical 80 20 mechanical and publishing royalty split for all those years..... as Wendy Day said..."there will never be another deal like that"...

Vivendi/Universal was pissed at Doug for that....and wanted him to make things right ...and this deal that was orchestrated by him and his protege Lucian Grainge is the result of that..


Its really a sad sad prime example of willie lynchism at a corporate level....wayne and birdman our beefing cause of an elaborate "shell game" being put together by the suit and ties over at universal...

 

[blizzard man]

Sent that $70 mill to the bushes.

you aint lyin, peep the landscaping pleighboi, the drone aint fly high enough to get that maze i got in the backyard

 

[10:31]

you guys are making a grave error by really pointing the finger at BIRDMAN whom is the "fall guy" in this situation.....when the real culprit is Lucian Grainge, Doug Morris and UNIVERSAL

shoutout to @bigboss for posting that article which details Wayne's lawsuit against UNIVERSAL RECORDS.....

they finessed the fukk out of Wayne....on numerous occasions..

Wayne actually wanted to leave the Universal Music Group all together , but it was Doug who Wayne admitted influenced Jay-Z to try to bring him over to Def Jam in an effort to keep Wayne and his catalog under the Universal Umbrella just to stall him till he (doug) was able to convince Vivendi ..(the parent company of Universal Records) to greenlight the 100 million plus deal that eventually not only financed the YMCMB situation but at the same time resigned Cash Money to the universal brand...

the deal took years to negotiate and finally was closed succesfully under Lucian Grainge who did everything in his "power" make sure UNIVERSAL was able to get back that 100 million it had advanced to Birdman and Cash Money.....at Lil Wayne's expense unfortunatly...

Lucian Grainge

it's detailed by Wayne's lawyers in this press release:

Universal Music Group is paying itself instead of shelling out royalties it owes Lil Wayne, according to a federal lawsuit filed by the rapper-producer's attorneys Monday in California.

Dwayne Carter Jr., known as Lil Wayne, is suing UMG and SoundExchange, claiming he's been shorted millions from his work discovering and nurturing artists like Drake, Nicki Minaj and Tyga.

Carter claims Universal has diverted tens of millions of dollars of his profits to repay itself for the $100 million it advanced to Cash Money Records, Inc.

"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," states the complaint. "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."

Carter's Young Money Label is a joint venture with Universal's Cash Money Records designed to manufacture, distribute, promote and exploit performances of new recording artists discovered by Carter and signed to the label, according to the complaint.

He claims their 2003 agreement states the label's profits "would be divided 51% - 49% between Cash Money and Carter, and ownership of all the Young Money Label property, (e.g., master recordings, copyrights, intellectual property, good will) similarly would be owned 51% - 49% between Cash Money and Carter, respectively."

After multiple extensions, the term expired June 4, 2015, which puts Drake's upcoming album in the crosshairs.

“Universal should be grateful and respectful to Lil Wayne for the millions of dollars in distribution fees and profits they have earned on the artists he brought to the company, instead of seizing all of his profits on those artists in a desperate attempt to recoup the tens of millions of dollars they are owed by Cash Money Records,” said Carter's attorney Howard E. King of King, Holmes, Paterno & Soriano in a Monday statement.

SoundExchange, the nonprofit that collects and distributes digital performance royalties on behalf of copyright owners, is also named as a defendant in the suit.

Carter claims "Universal has claimed a right to 100% of the label performance royalties attributed to the YME Records" and "SoundExchange refuses to pay any of the money due to Young Money LLC and Carter individually based on Universal’s conflicting demand."

Carter wants the court to clear it up and is seeking at least $40 million in damages and disgorged profits and a "judgment declaring the parties’ respective rights with regard to Plaintiffs’ share of label performance royalties."

Universal Music Group did not immediately respond to a request for comment.

This article was originally published by The Hollywood Reporter.

also keep in mind SOUNDEXCHANGE which is an independent P.R.O (publishing rights organization) much like BMI and ASCAP but focuses on Digitial i.e (streaming and download) royalties was in on the finesse game as well....

UNIVERSAL knew that the concept of a physical LP (album) was a dying format so they prepared themselves by securing 100% rights to the digital revenue as well as passing on the "option" of ever releasing the Carter 5 or any material submitted by wayne which would fulfill Wayne's obligation to the label and force them to have to fully compensate Wayne for his contributions.

this 100 million dollar deal that Universal had giving birdman was intended to secure all digital royalty rights on future cash money/YMCMB releases to make up for the "fukk up" Universal did in the beginnin when they let Birdman get rights to his masters and that huge historical 80 20 mechanical and publishing royalty split for all those years..... as Wendy Day said..."there will never be another deal like that"...

Vivendi/Universal was pissed at Doug for that....and wanted him to make things right ...and this deal that was orchestrated by him and his protege Lucian Grainge is the result of that..


Its really a sad sad prime example of willie lynchism at a corporate level....wayne and birdman our beefing cause of an elaborate "shell game" being put together by the suit and ties over at universal...

So who spent the 70 million then

 

[NSSVO]

So would you take $175 racks or and what else comes with that

Breh made a ton of money because of Young Money. It was new, it was fresh. Him being on Roc-a-fella doesn't do that.

 

[KENNY DA COOKER]

So who spent the 70 million then

legally it's a moot issue at this point...

Considering Birdman according to the court documents owns 51% share of Young Money therefore making him "THE OWNER" and unaccountable to Wayne's demands

Also let's take this into consideration that UNIVERSAL RECORDS is the party that failed to provide any oversight into how the funds should be dispersed and knowingly according to WAYNE'S OWN LEGAL TEAM had NO INTENTION of Wayne getting that 70 million or any of the roylties owed to him from YMCMB releases by NIKKI MINAJ , DRAKE and TYGA as well as the digital streaming revenue accumulated over the years and tallied by that OTHER CODEFENDANT soundexchange...

Its way more convuluted than you think ..


it's kinda parallel to the Michael Jackson vs. Tommy Mottola (SONY) situation back in the day...

but MIKE had "leverage" (catalog, financing, free agency) ...

WAYNE has none of that

like Tupac says...u wanna go to war ..u gotta get your MONEY right

and the only ones who got thier money right in this situation is the LAWYERS....

cause NOT EVEN BIRDMAN nor JPrince got the guap and power to come at Universal/Vivendi and make things "right"........

global conglomerates are on a whole nutha level

which is why this issue has been dragging on for awhile now

 

[MrPentatonic]

How can you give up 100℅ of the digital rights to the songs of your record label!!!!!?!????

 

[fukkyalifestyle]

legally it's a moot issue at this point...

Considering Birdman according to the court documents owns 51% share of Young Money therefore making him "THE OWNER" and unaccountable to Wayne's demands

Also let's take this into consideration that UNIVERSAL RECORDS is the party that failed to provide any oversight into how the funds should be dispersed and knowingly according to WAYNE'S OWN LEGAL TEAM had NO INTENTION of Wayne getting that 70 million or any of the roylties owed to him from YMCMB releases by NIKKI MINAJ , DRAKE and TYGA as well as the digital streaming revenue accumulated over the years and tallied by that OTHER CODEFENDANT soundexchange...

Its way more convuluted than you think ..


it's kinda parallel to the Michael Jackson vs. Tommy Mottola (SONY) situation back in the day...

but MIKE had "leverage" (catalog, financing, free agency) ...

WAYNE has none of that

like Tupac says...u wanna go to war ..u gotta get your MONEY right

and the only ones who got thier money right in this situation is the LAWYERS....

cause NOT EVEN BIRDMAN nor JPrince got the guap and power to come at Universal/Vivendi and make things "right"........

global conglomerates are on a whole nutha level

which is why this issue has been dragging on for awhile now

So Wayne is essentially fukked? Don't see how he can get his money unless Universal and or Birdman grow a conscious. You know labels have judges on payroll.