Please allow me to introduce our company Palace Music Group, LLC. We were established in 1996 as a distribution company. We specialize in Online Digital Distribution, Television and Movie Rights Synchronization. Palace Music Group, LLC is comprised of knowledgeable individuals operating with the right mixture of leadership, talent cultivation, foresight, planning, timing and game plan execution. Palace Music Group distributes unsigned independent artists from ALL genres.
Monday, February 16, 2015
Lil Wayne vs. Cash Money: 21-Page Lawsuit
Many were flabbergasted to find out just how much Lil Wayne was suing Cash Money Records for: $51 million dollars.
But it's true. On Thursday, Jan. 29, a 21-page lawsuit surfaced on to the Internet. Within the lines of the documents, it breaks down the record contract between Cash Money and Lil Wayne, amendments, and what is owed, and why.
As TMZ reported, Lil Wayne is owed $10 million, solely for the recording and completion of Tha Carter V: "Cash Money agreed to pay Carter an advance of Ten Million Dollars ($10,000,000.00) per solo album, with Eight Million Dollars ($8,0000,000.00) to be paid upon the commencement of the recording of each solo album and the remaining Two Million Dollars ($2,000,000.00) to be paid upon deliver of such album to Cash Money."
Also, "Cash Money has failed to properly account and pay royalties and profits to Young Money LLC. While Cash Money needed Weezy and Young Money's approval for marketing expenses greater than $300,000.00, they did not do so, and Cash Money "claims millions of dollars in marketing expenses for the Young Money Label."