Lil Wayne Reportedly Sold Young Money Catalog For $100M In June Including Nicki Minaj & Drake Masters

hiphopdx December 18, 2020 Young Money 65
Lil Wayne Reportedly Sold Young Money Catalog For $100M In June  Including Nicki Minaj & Drake Masters

Lil Wayne was allegedly making some major money moves behind the scenes this summer.

Lil Wayne was allegedly making some major money moves behind the scenes this summer. According to Music Business Worldwide,the multiplatinum-selling rapper sold the Young Money catalog to Universal Music Group for $100 million in June. At least thats what his ex-manager Ronald E. Sweeney whos suing Wayneto the tune of $20 million says. Sweeney filed the suit in Californias Superior Court on December 10, accusing Wayne of failing to honor an oral agreement to pay Sweeney a 10 percent share of certain one-off windfalls. The lawsuitstates as Waynes personal manager, he was told hed receive 10 percent of proceeds from three separate paydays two lawsuit settlements plus the sale of any master recordings owned by the Young Money Label. View this post on Instagram A post shared by Lil Wayne (@liltunechi) The court docs also reveal, Specifically in or about June of 2020, Lil Wayne was able to sell the Young Money masters to Universal Music Group for in excess of $100 million. This would include platinum-selling albums such as Drakes Views and Scorpion, Nicki Minajs The Pinkprint and Waynes Tha Carter IV. The move follows several other exorbitant catalog dealsthis year. In August, Wu-Tang Clan legend RZA

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