#LilWayne started the month of June off on the right foot and a few million dollars richer, y’all!
As you know, he has been in an ongoing lawsuit with #Birdman’s record label Cash Money Records. Wayne was promised an $8 Million advance for recording #ThaCarterV and an additional $2 million after the project was done, but didn’t get a dime and wanted his contract with Cash Money terminated.
Thankfully, the lawsuit has come to an end, according to documents obtained by @Blast! Wayne’s attorney, Howard King, filed a notice on May 23rd that all parties are ready for the lawsuit to be dismissed. It turns out that Wayne was paid the $10 million owed to him PLUS some! According to The Blast, Universal went ahead and paid Wayne “well over $10 million,” because they’re confident that they’ll recoup the money from Drake and Nicki Minaj’s upcoming projects.
Now, Wayne is free from his record deal and “Tha Carter V” will be released by Universal!
Looks like Wayne got everything he wanted. Good for him!
TSR STAFF: Talia O. @theclosetratchet on IG