Lil Wayne Now Sole Owner Of Cash Money
Following years of legal battle with cash money records, legend rapper Lil Wayne, better known as Weezy, has become the sole owner of Young Money Entertainment.
The legend has transitioned from a 51-49 joint partnership with cash money to his owning his imprint outright.
His attorney, Ron Sweeny, issued a statement on June 7, that they was a settlement but at an undisclosed amount:
“Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties. In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.”
Billboard article details the terms of Weezy’s settlement with Cash Money Records, with whom he waged a three-year legal battle over outstanding advances and the rights to his catalog.
Tunechi confirmed this known and more to Billboard in a lengthy new profile published yesterday, September 14.