YMCMB is in absolute shambles.
Lil Wayne has been pretty vocal about issues with Birdman and the release of his next studio album Tha Carter V, and just days after the New Orleans rapper dropped his Sorry 4 The Wait 2 mixtape, TMZ reports that Tunechi plans to file a lawsuit against Baby for $8 million after settlement talks recently fell apart.
Meanwhile, labelmate Tyga is having his own issues. His new disc The Gold Album: 18th Dynasty has also been pushed back multiple times and he too claims he wants to leave Birdman and Cash Money behind. Things won’t be so simple for Tyga however, since he is also currently being sued for $4 million by a former management company.
UPDATE: According to TMZ, Lil Wayne has officially taken Birdman to court.
Tunechi claims Baby violated the terms of their deal by withholding tens of millions of dollars Cash Money owes him for his delayed album Tha Carter V. Since Cash Money is refusing to pay, Wayne says he’s entitled to cancel the contract.
In addition to asking for a reported $51 million, the disgruntled rapper wants the judge to give him joint copyright ownership of all Young Money recordings including those of Drake, Nicki Minaj, Tyga, and more. If Birdman pays up Wayne’s camp will enable Cash Money to release Tha Carter V. He was supposed to get an $8 million advance (the figure that was previously reported) when recording started in December 2013 and another $2 million when he completed the project a year later, but so far Wayne hasn’t received a cent.
More as the story develops.