Lil Wayne sues record label

Image
Press Trust of India New York
Last Updated : Jan 29 2015 | 2:35 PM IST
Rapper Lil Wayne Lil Wayne is suing his record label for USD 51 million.
In the lawsuit filed in Manhattan Federal Court, Wayne said Cash Money Records has been failing to honour his contract and cheating him out of millions, reported New York Daily News.
The company has failed to pay Wayne, listed in the lawsuit as Dwayne Michael Carter Jr, the USD 8 million it owes him for his soon-to-be-released album 'Tha Carter V.'
The suit says that under the terms of a 2012 contract extension, Cash Money is supposed to pay him USD 8 million up front when he starts work on a new album, and another USD 2 million when he delivers it.
Wayne said he delivered the completed album in December - but the label has yet to pay him for even starting it.
His lawyer, Michael Kramer said since Cash Money hasn't paid the USD 8 million for that album, "it appears they won't be paying Lil Wayne for the two additional albums" the contract calls for.
Wayne took to Twitter last month to vent his frustrations with Cash Money.
"I want off this label and nothing to do with these people but unfortunately it ain't that easy," he tweeted.
"I am a prisoner and so is my creativity."
Representatives for Cash Money are yet to comment.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2015 | 2:35 PM IST

Next Story