After Lil Wayne filed a lawsuit against Universal Music Group over Drake, Nicki Minaj and Tyga, the company claimed it does not have merit.
In a statement sent to The Hollywood Reporter, the record giant pointed out that they learned about the case only from the media, which affects the case’s credibility. The company said they just tend to ignore it. “We don’t intend to dignify this with further public comment except to say that we will vigorously contest it and that the merits of our case will carry the day,” a spokesman from Universal reportedly said.
It was learned that apart from the American-French music outfit, SoundExchange, the one responsible in collecting and distributing digital performance royalties for copyright owners, was also named a defendant. Based on the case filed by Lil Wayne, or Dwayne Carter Jr. in real life, Universal allegedly “diverted” a huge sum of money that should be Lil Wayne’s profits for getting Drake, Nicki Minaj, and Tyga to sign with the company.
“With Universal’s knowledge of Lil Wayne’s rights to partial ownership and profits from those artists, Universal and Cash Money entered into a series of agreements which, among other things, diverted Lil Wayne’s substantial profits to repay debts of Cash Money,” the 33-year-old artist’s complaint reads.
“As a result, 100% of the profits that should have been paid to Lil Wayne as a result of his ownership of Drake, Nicki Minaj and Tyga records have been seized by Universal to repay debts that were neither incurred by nor were the obligations of Lil Wayne,” it added.
In the meantime, the “Lollipop” singer’s lawyer, Howard E. King of King, Holmes, Paterno & Soriano, released a statement on Monday, according to Billboard.
“Universal should be grateful and respectful to Lil Wayne for the millions of dollars in distribution fees and profits they have earned on the artists he brought to the company, instead of seizing all of his profits on those artists in a desperate attempt to recoup the tens of millions of dollars they are owed by Cash Money Records,” the statement said.