All Articles Tagged "cash money records"
Lil Wayne is at his wits end! The Got Money rapper is suing his record label, Cash Money Records, for $51 million in damages, Billboard reports.
Cash Money Records, co-founded by Birdman, reportedly breached a contract with Weezy — the label promised an $8 million advance in December (when Wayne allegedly started working on the “oft-delayed” Tha Carta V album) and an additional $2 million when the album was completed.
And well — Weezy reportedly got nada.
“To all my fans, I want u to know that my album won’t and hasn’t been released bekuz Baby & Cash Money Rec. refuse to release it.”
“This is not my fault. I am truly and deeply sorry to all my fans but most of all to myself and my family for putting us in this situation.”
“I want off this label and nothing to do with these people but unfortunately it ain’t that easy.”
“I am a prisoner and so is my creativity Again, I am truly sorry and I don’t blame ya if ya fed up with waiting 4 me & this album. But thk u.”
The ironically-named Cash Money label has been the subject of bankruptcy rumors since last November. According to Design&Trend, Birdman’s record label has the IRS breathing down its neck, and if they can’t fix the mess, Cash Money may be forced to file for bankruptcy protection and liquidate their biggest assets, who happen to be Drake and Nicki Minaj
Unfortunately for Cash Money, with Lil Wayne threatening to walk away, Weezy says he’s also planning on taking Drake and Nicki Minaj with him, too, according to the Daily Mail.
“Cash Money has jeopardized the ability of the Young Money label [Wayne’s label] to properly and successfully conduct business and has improperly committed waste to the assets of the Young Money label,” the lawsuit stated, according to CourtHouseNews.
The Lollipop rapper isn’t the only one who has expressed his frustrations with his label lately. Back in October, Tyga — signed to Cash Money and Young Money — tweeted: “Gold album been done. My label holding me hostage so I can’t release nothing. Might just leak it for my fans then let them make $ off it.”
Lil Twist, a Young Money signee, tweeted: “I swear I gotta have the worst management team in the history of management teams.. Like wow this [expletive] crazy.. All I wanna do is drop music.”
No, I’m not joking.
My initial response was, “No, who’s playing a cruel joke?” I mean, this has already been a tough week in news, entertainment and everything else. The last thing we needed was for Al Sharpton to lose his mind.
But according to HuffingtonPost.com, is definitely signed to Cash Money. Well, Cash Money Content, that is. Rev. Sharpton recently signed a deal with Cash Money Content, the record label’s publishing division, to release his new book, The Rejected Stone. The deal is a partnership between CMC and Simon & Schuster’s Atria imprint.
The book will be discuss how Sharpton went from a cunning street activist to a civil rights leader. It will be released on October 8th.
This is definitely an odd pairing and neither Sharpton reps nor Cash Money reps discussed how or why they decided to sign this deal. In fact, Sharpton and Lil Wayne, Cash Money Records’ biggest bread winner, got into a war of words just a few years ago.
In 2008, Sharpton harshly criticized Wayne’s excessive use of the “b word” and “n word” in his music. In response, Wayne came directly back at Sharpton in a song from his The Carter III album saying, “You are no Jesse Jackson. You are nobody to me. You’re just another Don King—with a perm.” That prompted Sharpton to make one last response: “Why dignify a response to one rap artist who doesn’t even say anything substantive?”
Sharpton says he will discuss Lil Wayne and other rappers in his book in hopes of starting an open dialogue:
“Just because we disagree doesn’t mean we have to be disagreeable.”
I guess that’s that! Something tells me Lil Wayne still won’t be jumping at the opportunity to have a discussion with Rev. Al.
Oh geez… Not the way we wanted to start the summer.
Paris Hilton has signed a deal with Cash Money Records to do a house record that will be released in the next few months. “Showbiz 411 says that Hilton will join Drake and Nicki Minaj, so it’s likely she’s actually signing with Young Money Entertainment, a subsidiary of Cash Money,” reports The Huffington Post. So Paris Hilton is on the same label as Drake.
And the word is her rumored boyfriend, who is an actual producer named Afrojack, is helping her with the music.
Seems like Paris has been off the scene and out of our lives for a long while no? Could she have possibly changed her tune since she’s been gone? We can only hope. But few people are optimistic. Vibe has some of the reaction from Twitter, including, “Save us Lord! Save us!”
And in case you’ve forgotten what exactly Paris Hilton’s tune is, let’s revisit 2006 when she dropped this gem on us “Stars Are Blind.”
Update: Friends say Lil Wayne has been released from the hospital.
Since Lil Wayne’s hospitalization last week, there have been numerous claims made about the New Orleans rapper’s medical condition and the events leading up to his hospitalization. Some reports have even implied that the entertainer was on life support and family members were contemplating whether or not to pull the plug. Yesterday, Wayne’s mentor Birdman called up Angie Martinez of Hot 97 to tell how things went down and refute the conflicting reports that may be circulating.
On Wayne’s current state:
“He’s great. He’s doing much, much better. He’s good.”
“[He’ll probably be going home] today or tomorrow, real soon though. He’s recovered real good.”
On the events leading up to Wayne’s seizure:
“He had a seizure Tuesday night. He’s really been in the hospital since Tuesday. You know, all of the stuff that people is saying, there’s no truth to it at all. He had a seizure. We brought him to the hospital. We’ve been here ever since. He’s doing much better and he’s straight.”
“We were on our way to shoot a video when it happened. This is like the second or third time it happened, so automatically we laid him down and called the ambulance to get him to the hospital… I was there with him.”
On speculation that drugs caused the seizure:
“Honestly, you know it’s just his work ethic. What he puts in, what he believes in and how hard he works, how much dedication he gives to music, his fans and what he’s trying to accomplish in life. It ain’t had nothing to do with drugs, no such thing like that. He works around the clock. It wasn’t nothing about no drugs. He just needed to get some rest and relax. Take it one day at a time. He’ll be back, normal as anybody else. He just needs to relax.”
“At this point that [syrup] is not what they’re saying the cause is. It’s more of not getting proper rest.
On TMZ’s report:
“None of that was true. We were actually watching the game when all that popped off. It wasn’t never no truth to that He was never in that kind of situation [life support, medical induced coma etc.] throughout the whole few days we’ve been in the hospital. He ain’t never been bout to die.”
“They [TMZ] freaked the world out with that.”
“We got family and kids. When you putting out false rumors like that, you know, you can really damage families like that and have them fear.”
Turn the page to hear Baby’s full interview.
Rappers and sampling go together like peanut butter and jelly these days. Well, except for the one place it matters: on paper.
According to TMZ, singer Robert Poindexter is suing Cash Money Records for using a sample of one of his group’s old songs in a 2010 Bow Wow song.
Poindexter says the The Persuaders’ 1972 song “Love Gonna Pack Up (And Walk Away)” was used in Bow Wow’s song “Still Ballin” but the label never took the time to actually clear the sample.
What’s that you say? You don’t know that Bow Wow song? It’s okay, we don’t either but just know that it’s a “thing.” On the other hand, The Persuaders’ single hit number 8 on the charts back in the day.
Poindexter has allegedly tried to get in touch with Cash Money Records, only to be told to talk to Bow Wow’s attorneys. Of course, his attorneys turned it around and told him to speak to Cash Money again. As we all know, the runaround with anything only makes you more angry and that helped to prompt this lawsuit.
Poindexter, who isn’t an original member of The Persuaders, also has lawsuits pending against 50 Cent and Kanye West for alleged illegal sampling of the groups’ songs. He’s seeking $600,000 in damages plus interest for this particular song.
This isn’t the first time Cash Money has been sued for sampling: powerhouse EMI sued the label for almost $500,000 for using illegal samples on a slew of songs back in 2009.
You know, if this is true, it makes no sense as to why some of these artists and labels won’t get the proper clearance. Of course, some older singers don’t want their songs used in new songs but at the same time, there are many who could use the check. The process is probably tedious but when someone comes back to sue you for more money than the record was even worth, who actually wins?
So far, there’s been no comment from Bow Wow or Cash Money Records.
I’m still on a high from my GIANTS taking home the victory and I do not have the patience for these celebs’ drama. BUT…that doesn’t mean I won’t tell you about it anyway! There is all types of messiness that I need to catch you all up on so take a sip of the tea and catch me on Twitter (@DrennaB)!
Forbes has just released its annual list of richest Americans — plus ones to watch. In addition to the Forbes 400 that lists the highest-ranking billionaires in the U.S., the magazine has outlined the “Future 400,” which includes Diddy among other uber-wealthy businessmen in various fields who may soon make the Fortune 400 list. Forbes staff writer Zack O’Malley Greenburg has taken this occasion to question what other hip-hop moguls might make the Forbes 400, taking the minimum net worth required to crack this list of $1 billion as a benchmark. Seen through the lens of the rap world, there are only a few contenders according to him:
Diddy has achieved his wealth in large part through his partnership with Ciroc vodka, which is itself nearing a $1 billion valuation. Diddy gets a cut of the company’s profits and some cash anytime Ciroc is sold. Dang — that’s a good deal. And of course, his clothing lines, music royalties, and personal appearances, etc. don’t hurt the bottom line. Mr. Combs is seen as most likely to break \$1 billion first, not only because he has the most money, but also because the business model he has set up with Ciroc is genuinely lucrative.
Jay-Z inked a $150 million deal with Live Nation in 2008, sold his Rocawear clothing line for $204 million in 2007, and of course continues to produce popular hit music which earns him lucrative royalties (unlike Diddy). Then there are his numerous side businesses ranging from his stake in the soon-to-be Brooklyn Nets to his 40/40 chain of clubs. Still, with all that hustle Mr. Carter is $50 million behind the rapper-entrepreneur who has supposedly dubbed himself “Ciroc Obama.” That is no small amount of cash.
(HipHopDX) — Over the years, Cash Money Records’ unprecendented $30 million pressing and distribution deal with Universal has become the stuff of Hip Hop lore. No matter how you rephrase it, the question essentially always comes down to people wondering how a relatively unknown New Orleans label leveraged a more lucrative deal than Ruff Ryders, Roc-A-Fella or any other boutique Rap label around at the time. AlLindstrom.com found the man who brokered the deal which brought Lil Wayne, Juvenile and Birdman (then known as Baby) to the nation’s collective consciousness. Dino Delvaille—then the A&R at Universal—says he was looking for some local Hip Hop during a casual visit to New Orleans. One thing led to another, and he ended up in a meeting at Brian “Baby” Williams’ home.
(Wall Street Journal) — Ronald and Bryan Williams, two entrepreneurial brothers from New Orleans who run the successful music company Cash Money Records Inc., are turning their attention to the book business. The brothers, whose company counts rapper Lil Wayne among its artists, plan to use the same techniques that helped build their music label to launch their Cash Money Content imprint, including selling books at concerts and holding red-carpet launch parties for authors. “We think we can do more, market books in a new way,” said Bryan “Birdman” Williams, the younger of the brothers, who is also a rap artist on their independent music label. “We want to put out five or six books a year.”
Some call Lil Wayne one of the greatest rappers of this generation. Next month, he’ll resume the spotlight when he walks away from an eight-month prison sentence for criminal possession of a weapon. It seems he has the power to keep going, going and going. Maybe he’s letting the world in on his secret with the release of his latest album, I Am Not a Human Being. Is he really Superman of the music industry?
“First and foremost, he is a veteran, able to sustain his longevity and maintain his street credibility,” says Darrell Miller, a former singer/performer and co-chair of the entertainment practice at the Los Angeles law firm of Fox Rothschild. “He hasn’t lost his edge. More importantly, he continues to have critical acclaim.”
That acclaim translates to many, many dollars. In fact, Forbes Hip-Hop Cash Kings for 2010 listed Wayne as number four out of 20, with earnings of $20 million, which includes the sale and licensing of master recordings, concerts, tour merchandise sales, endorsements and songwriting.
With so many one-hit wonders in today’s industry, what’s Lil Wayne’s secret?
The answer: he made hip-hop history with the release of his sixth album in 2008, The Carter III, which sold more than a million copies its first week. It has been certified triple platinum by the RIAA and earned him four Grammy Awards, including Best Rap Album.
Born Michael Dewayne Carter, Jr. and raised in New Orleans, his career started at age 12 when a friend introduced him to Cash Money Records Co-CEOs and brothers, Ronald “Slim” Williams and Brian “Birdman” Williams. In 1993, Lil Wayne formed a duo with label mate B.G. and released the underground EP True Stories. Four years later, the duo formed the group Hot Boys with Juvenile and Turk. Their debut album, Get It How You Live, sold more than 500,000 copies. More importantly, the album persuaded Universal Records into making a lucrative distribution deal with Cash Money, according to Lil Wayne’s official website.
In 1999, he made his debut as a solo artist. The Block is Hot sold more than two million units. But it was the release of Tha Carter series that solidified Lil Wayne’s place among hip-hop’s elite class. Since 2007, he has been selected as “Hottest MC in the Game” numerous times by MTV; ranked “Rapper of the Year” by The New Yorker, and “Workaholic of the Year” by GQ. In 2008, he became the first hip-hop act ever to perform at the Country Music Association Awards alongside Kid Rock.