Lil Wayne Sues Universal Music, Says He's Owed Profits From Drake, Nicki Minaj & Tyga

[rapbeats]

Wait he owns 49% of YMC

now thats the part i aint feeling in this article. if thats the case how in the hell did that happen? you have to own 51 if you're wayne, thats your baby, your idea so to speak. unless it wasnt. unless it was a baby idea and they did it on purpose to make money from another Pot and keep that pot out of the light of the debt collectors. Hmmmm spooky...

Its like ya mama putting that light bill in her baby's name(your name). cause her credit is messed up. but as long as she doesnt run that bill up. your credit is good. and they have not once said wayne's credit aint good or he's on the hook for anything. which is why i'm still rolling with wayne on this one If what his lawyer said was true.

 

[TLR Is Mental Poison]

That's exactly what it seems like but hard to feel sorry for wayne he was a vet who had the first hand view of his cash money labelmates get screwed so to allow yourself to get screwed after you had the leverage to leave or get a better contract is just shyt isinstead of handling ya financial biz become a heavily drugged gay rockstar pet for birdman brehs

king pusha should have waynes head stuffed on a mantle that ether on exodus was epic in hindsight Exodus was the snowball that started the avalanche on lil gay tuchi's cold career status

!!!!!

 

[Originalgangsta317]

Lil Wayne didn't have access to "millions" as a teenager because Birdman was controlling all of Wayne's money during those days as well.

And how would you even think Lil Wayne could actually oversee & control all of his money he legitimately made back then when Mannie Fresh, Juvenile & B.G all had financial disputes with Birdman during those years & couldn't even get paid what they were owed?

 

[CoCKy GeNiuS]

Wayne should be up there with the diddy's, jay z, and dr.dre's

Why because he whored himself out, the pimps always get the majority cut, not the whore. Dre, Jay, and Puff are Bosses wtf you really talkin about ?
The nikka should be exactly where he is, in Wayne's World.

 

[CoCKy GeNiuS]

Baby proves that all you have to do is gas a sucka nikka with the illusion of being "that nikka" and he'll follow suit until the gas runs dry.

All the shyt Wayne talked about BG & Juvie to prove his loyalty to CMR. Baby & Slim neva had authentic ill feelings towards Gizzle or Juvie, they just gassed Wayne to believe that so he'd whore harder to prove his loyalty.

Only pass I'll give him is being mindfukked at a early age. But he had enough business minds around him as he grew older to wash that mindfukkery off, he chose to continue being the whore, now the jokes on him.

 

[up in here]

all i'm saying is simple. IF WHAT THE LAWYER SAID IS LEGIT. if thats the deal. it was a simple 50/50 split between Cmoney and Wayne on artists finders fees. (draken, nik, etc.) then how on earth can wayne owe for Cmoney's debt? he can't.

thats a BIg IF thats what is truly in the contract.

But i do however believe UMG would pull some nonsense like that to get paid. because they can bully people around since they are so big and have so much $$$.

but people do beat them from time to time. I hope this is one of those times. I'm riding with Wayne on this one until the wheels fall off. (lean or no lean. cheating nuccas out of their money is nonsense i aint with..dumb nuccas or not. cheating is still cheating.)

51/49 is not 50/50. The majority holders make company decisions. If they decide to use their earnings to pay off cash money's debt they can. They could sell YM today and wayne couldn't stop them, but he would get paid for his shares. But if they remain functional than majority holders can choose what to do with the company's earnings.

 

[Freedman]

Cash Money Records, where dreams come tru!

Shid big brother gonna be str8 y'all gon see

 

[FappleMeOff]

Pretty sure this fake. Check 2nd page

 

[rapbeats]

51/49 is not 50/50. The majority holders make company decisions. If they decide to use their earnings to pay off cash money's debt they can. They could sell YM today and wayne couldn't stop them, but he would get paid for his shares. But if they remain functional than majority holders can choose what to do with the company's earnings.

i just said 5050 to make it an simple transaction since it was so close. now 51 percent does not necessarily mean you can take my share and give it to your debt collectors. doesnt mean that. unless thats in the contract. it does mean you can make business decisions based on the artist. and this is not i own 49% of the company and you own 51%. the profit sharing is supposed to be 49/ 51. that's not the same as ownership levels.

 

[AFRAM GLORY]

I called this shyt out long time ago..i said long time ago the REAL CULPRIT was UNIVERSAL RECORDS......

Birdman was just the "buffer"....... hell while wayne is at it..he might as well try to retrieve that "TRUCKFIT" money if he can make a case for it...

http://www.thecoli.com/threads/truk...dising-arm-of-universal.288407/#post-11973960

this is hilarious...did he really THINK Universal Records wasn't gonna eat off of this venture ....

and for the record Wayne fails to realize....

Slim switched sides on him
let Universal ride on him
Doug Morris ain't to fukked with
him and Lucian will make sure this lawsuit die homie!!

Slim ran the books for their daddy's business while he was alive. I have no doubt that he's in the mix for the cmr/ymr accounts. He prolly hopped outta his coffin after beatrice shook it and personally told wayne what's really going on.

Cortez, Mack Maine, Baby, and Slim knew from what the bizness was the second wayne signed that second deal.

 

[GzUp]

So basically birdman and Wayne own young money on some 49 to 51% and since its run through universal he's blaming universal since im guessing they write the check, but im sure he's gotten SOME checks before right?.. he can't possibly just be asking now?.. im sure baby has been making sure he's getting his checks.

Edit, I thought young money was just directly through universal.. its through cashmoney too.. I mean what's the point in that, he could have easily made one by himself through universal.

 

[A.V.]

So basically birdman and Wayne own young money on some 49 to 51% and since its run through universal he's blaming universal since im guessing they write the check, but im sure he's gotten SOME checks before right?.. he can't possibly just be asking now?.. im sure baby has been making sure he's getting his checks.

Edit, I thought young money was just directly through universal.. its through cashmoney too.. I mean what's the point in that, he could have easily made one by himself through universal.

Damn that shyt even the odds now




You better off selling this hard now

 

[Danie84]

Weezy F Baby and the F stand for Fine Print, pleihboi

 

[Cobalt Mist]

So assuming this article is true, with UMG taking Lil wayne's portion of YM's profits, I'm wondering if because young money is a subsidiary of Cash money, that UMG perfectly within its legal right to take all of Ym's profits, including Wayne's cut, to pay the Mother company's debt.

Otherwise, and someone else touched on this several posts up, it would be easy to defraud the main record company by setting up a new record label and making other people in charge of it. If it's family (and this is pretty close to that), you guys can take care of each other under the table and the main record company wouldn't have access to the other person's portion of the profits.

Maybe this was the original plan, and Birdman finessed Lil Wayne so that he didn't even know what was happening, but somewhere along the line, UMG found out, and probably have dirt on Birdman to force his hand and basically took the money anyway,

This is all speculation though. Hey, I can be the new DJ Akademics. I'm coming for you brah.