Lil Wayne Has Reportedly Been Released From Cash Money Records

Lil Wayne has settled two on going lawsuits, The Blast reports. The first was Wayne and Young Money’s breach of contract suit against Cash Money, Birdman and his brother Ronald “Slim” Williams, UMG Recordings, Inc., and Universal Music Group, Inc. The first documents in the suit were filed back in May 2015, and a notice for dismissal was filed on May 23, 2018 and obtained by Pitchfork Media. According to The Blast, Universal paid “well over $10 million” to settle the suit. In addition, Universal will reportedly release Wayne’s long-delayed Tha Carter V. His deal with Cash Money is allegedly “done” too, The Blast reports.

Lil Wayne’s second settlement was in a suit against Universal Music Group, Inc. and SoundExchange, Inc., originally filed in March 2016. Wayne had sought at least $40 million in damages, claiming that Universal has withheld profits he’s earned from the Young Money artists Drake, Nicki Minaj, and Tyga whom Wayne discovered. (Young Money is an imprint of the Cash Money label, which Universal distributes.) The notice of dismissal, filed on May 25th and obtained by Pitchfork Media, does not indicate a monetary settlement amount beyond each side agreeing to “bear its own costs and attorneys’ fees.”

Looks like we may see Tha Carter V in 2018.

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