Cash Money Records Sued for Not Handing Over Drake Profits

Mike Windle, Getty Images
Mike Windle, Getty Images

Trouble is brewing for the Cash Money camp. As per a report now (Jan. 13), ” Cash Money Records was accused of withholding profits made by one of the tag’s biggest stars, Drake.

Aspire Music Group LLC, the management company that inked a four-year private agreement in 2008 with the rapper, has filed a lawsuit. According to the Manhattan Supreme Court, when Drizzy signed to Cash Money Records by-way-of Young Money Entertainment in 2009, Aspire entered into a second agreement with Cash Money to receive 33 percent of Drake’s licensing profits and songwriting earnings. Drake was dedicated by this into some recording agreement. The new lawsuit essentially accuses of not paying up Cash Money.

Aspire Music Group was set by Cortez Bryant, Gerald “Gee” Roberson along with Derrick Lawrence back in ’08 with Drizzy being the first signee. The “One Dance” star has since severed ties with Aspire’s founders. In 2012, Drake hired a lawyer into renegotiate his Aspire contract, claiming that he didn’t get his royalties from the business.

This new lawsuit directed at Cash Money comes since Birdman continues to fight with his protege, Lil Wayne, within the release of this long-awaited Carter V album. Birdman stated earlier this season which would eventually be free in 2017.

XXL has reached out to Cash Money Records for comment on the lawsuit news.

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