Lil Wayne Is Now The Sole Owner Of Young Money, Is No Longer Apart Of Cash Money Records

BK The Great

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Young Money is no longer affiliated with Birdman's Cash Money.

Earlier today, Lil Wayne was revealed as the cover star for Billboard's latest feature. In the write-up, Weezy goes into detail about what we can expect from Tha Carter V and some of the business decisions behind Wayne's legal dispute with Birdman were revealed. Mainly, the categorization of Young Money as a branch of Stunna's Cash Money was outlined.

It was casually revealed in the piece that Lil Wayne is now the sole owner of Young Money. That means that what was once a 51-49 percent joint venture has been granted in its entirety to Wayne. It had previously announced that C5 would be released via Republic Records but with this news, it means that Wayne has the freedom to drop whatever music was being halted by the big boss. This will mark his first album not to be released under the Cash Money imprint according to Billboard.

On the move, Tunechi's manager and attorney, Ron Sweeney said, "There’s no hard feelings or animosity. This is business, and we finally got our business straight." Birdman and Wayne still speak on a daily basis but Weezy says he's less trusting, focusing mostly on the outcome of his long-awaited project.

A reunion between some of Young Money's marquee stars wouldn't be completely out of the question either as he sung Nicki Minaj's praises during the same interview. Read the full feature here.

Lil Wayne Is Now The Sole Owner Of Young Money
 

goatmane

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Sauce Dab

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Cadillac

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SleezyBigSlim

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The Devil's Advocate

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Better to reign in Hell than serve in Heaven
i doubt birdman gave up Nicki Minaj or Drake as part of this deal

Drake is not on cash money anymore
According to legal documents obtained by TheBlast (via Reddit), Wayne’s lawyer filed a legal notice on May 23rd acknowledging that all parties involved were prepared to dismiss the lawsuit. Universal Music Group, the parent company of Cash Money, shelled out “well over $10 million” to settle the case, which officially separates Wayne from Cash Money. The company justified the massive sum because they figured they’d recoup the expense from Drake and Nicki Minaj’s contracts, which they’ll retain. (Wayne tried to include those contracts in his suit as recently as March.)
 
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