Lil Wayne has reportedly sold his masters to Universal Music Group for more than $100 million. According to TMZ, the lucrative deal happened in June, but was not made public until now as part of a lawsuit from Wayne’s former manager.
Sweeney also says that around the same time, Wayne asked him to fire his longtime manager Cortez Bryant over a conflict of interest in a legal dispute involving Drake and Cash Money. Sweeney says he did so, and took over Bryant’s duties and even got Wayne to raise his commission from 10 to 17 percent. However, Sweeney claims Bryant and Mack Maine “conspired to drive a wedge” between him and Wayne, which resulted in Sweeney’s firing in September 2018.
Wayne’s reported $100 million deal comes after Kanye West tried to buy back his masters from Universal over the summer. However, he said his efforts were being thwarted by several contracts he signed. He tweeted out over 100 pages of legal documents, while suggesting new guidelines for recording and publishing deals.