Cash Money Records, the label co-owned by brothers Bryan “Birdman” Williams and Ronald “Slim” Williams, has been hit with a new lawsuit.
According to Page Six, the company is being accused by Aspire Music Group of “hoarding” profits from Drake’s music, in a lawsuit filed in Manhattan Supreme Court.
Drake was discovered by Jas Prince on Myspace in 2008. Through his introduction, the rapper was signed to Aspire, which later entered into an agreement with Lil Wayne’s Young Money Records, a subsidiary of Cash Money.
Aspire was to receive one-third of Cash Money’s profits from Drake’s music.
The new lawsuit claims that Cash Money has refused to open it’s books to give Aspire a proper accounting of what they are owed.
Given Drake’s enormous sales success with all four of his studio albums, as well as the commercially sold mixtapes “If You’re Reading This It’s Too Late” and “What a Time To Be Alive,” a collaborative effort with Future, the amount of money Aspire is due to be paid could be substantial.
Cash Money is also currently battling a $51 million breach-of-contract lawsuit by Lil Wayne, who has threatened to leave the company and take both Drake and Nicki Minaj with him.