Lil Wayne was suing Cash Money to end his contract with the label and for a cool $51 million, according to TMZ. Now word is that Weezy and the label have smoked a fat peace pipe.
His suit had claimed CEO Bryan “Birdman” Williams and the company have withheld a substantial amount of money that it owed him with regard to the rapper’s still-unreleased new album, Tha Carter V. Because the label has not paid Wayne any money on that, he claimed he was entitled to leave.
But that’s not all, Lil Wayne was seeking $51 million and is seeking to be legally declared the joint copyright holder of everything released on his Cash Money imprint, Young Money, including recordings by Drake and Nicki Minaj.
Wayne used social media heavily on December 4th to give clues about his grievances, tweeting, “I want off this label” and calling himself a prisoner. Tha Carter V was originally due out last May, but was delayed to a December release; it did not come out and the Cash Money website still advertises it as “coming soon.”
Then telling reveals happened last week, when Weezy put out a new mixtape, Sorry 4 the Wait 2.
He preceded the released with a song, “Shit (Remix),” featuring these bon mots: “Did my time at Cash Money, time served and released/But this agent ain’t free, word, that’s the word on these streets.”