Business News Labels & Publishers Legal

Lil Wayne reportedly sues Cash Money over unpaid advance

By | Published on Thursday 29 January 2015

Lil Wayne

Lil Wayne has reportedly gone legal in his dispute with his label, the Universal-allied Cash Money.

According to TMZ, Wayne claims that the label has failed to pay him a $10 million advance that was due on his yet to be released ‘Tha Carter V’ album, and that as a result he should be cut loose from his contract with the record company.

We knew relations between Wayne and Cash Money boss Birdman were being tested last month when ‘Tha Carter V’ failed to emerge on its most recently scheduled release date. TMZ says that the rapper’s lawsuit alleges that he was due an $8 million advance when he began work on the new record and another $2 million when it was completed, but so far nothing has been paid.

It’s assumed this financial dispute is behind the most recent delays in getting the record released. Whether a ten million dollar cheque could smooth things over and get the album out there isn’t clear, though if the matter can’t be settled Wayne is apparently asking for $51 million in cash and co-ownership of all recordings released by his imprint with the label Young Money, which includes Drake and Nicki Minaj’s output.

Cash Money is yet to respond to the reports.