Photo via Ramona Rosales
UPDATE: Last week we reported that Lil Wayne had inked a nine figure deal with UMG giving them the rights to Wayne’s masters, now more details have come to light.
In addition to Wayne’s catalog, the deal also reportedly involved the masters for projects released under Young Money Records—including multiple Drake and Nicki Minaj albums.
Drake’s Scorpion, Views, Nothing Was The Same and If You’re Reading This It’s Too Late are all reported to be among the projects included in the deal, as well as Nicki Minaj’s Pink Friday, Pink Friday: Roman Reloaded and The Pinkprint.
ORIGINAL POST: In a day and age where most artists after fighting to take back their masters, Lil Wayne has decided to go in the other direction.
According to a new report from TMZ, Wayne recently sold his masters to Universal Music Group for over $100 million. The news comes as Ronald Sweeney, a former manager for Wayne, has sued the Young Money CEO for $20 million in unpaid commission.
Sweeney says back in May of 2018, Wayne asked him to step in after firing his longtime manager Cortez Bryant. Months after that all went down, Sweeney was met with a similar fate—being fired by Wayne in September of the same year.
Now he claims that Wayne owes him a whopping $20 million in commission, which Sweeney says should be no problem for Wayne considering he just walked in to a $100+ million payday.