Announcement

Collapse
No announcement yet.

Wayne sued by Ronald Sweeney for 20 million and sold his masters

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Wayne sued by Ronald Sweeney for 20 million and sold his masters

    Lil Wayne is deep in the hole with his ex-manager to the tune of more than $20 mil ... at least according to a new lawsuit.


    According to docs, obtained by TMZ, Ronald Sweeney claims Wayne hired him in 2005 to help renegotiate his deal with Cash Money. You'll recall Weezy beefed with Cash Money honcho Birdman over how much Cash Money paid out to Wayne's label, Young Money.


    Long story short ... Lil Wayne settled that Cash Money lawsuit in May 2018, but Sweeney now claims he only got a few payments from that settlement ... and they were nowhere near what he says his full cut should be.


    Then there's this ... in the suit, filed by attorney Ed McPherson, Sweeney says back in May 2018, Lil Wayne asked him to fire Cortez Bryant -- Weezy's manager and childhood friend -- over a conflict of interest in a legal dispute involving Drake and Cash Money.


    Sweeney says he did so, and took over Bryant's duties and got Wayne to give him a pay bump from 10% to 17% commission. But, Sweeney claims Bryant and Mack Maine then conspired to drive a wedge between Wayne and Sweeney, which allegedly worked. Sweeney says Wayne fired him in September 2018.


    Then, this past June, Lil Wayne sold his masters to Universal Music Group for more than $100 million. Sweeney doesn't seem to be asking for any money from that deal ... but brings it up seemingly to point out Wayne has the cash to pay him what he claims he's owed.


    We've reached out to Lil Wayne for comment, so far no word back.

    https://www.tmz.com/2020/12/10/lil-wayne-sued-ex-manager-millions-owed-commissions/

    I hate them thirsty bitches
    Cut them off like circumcision
    -Lil Wayne

  • #2
    Bro Shouldn’t Of Sold His Masters


    Comment


    • #3
      Originally posted by Gudda Gudda View Post
      Bro Shouldn’t Of Sold His Masters
      for real.

      I hate them thirsty bitches
      Cut them off like circumcision
      -Lil Wayne

      Comment


      • #4
        Originally posted by lilweezyfan View Post
        Sweeney says he did so, and took over Bryant's duties and got Wayne to give him a pay bump from 10% to 17% commission. But, Sweeney claims Bryant and Mack Maine then conspired to drive a wedge between Wayne and Sweeney, which allegedly worked. Sweeney says Wayne fired him in September 2018.[/URL]
        mack maine is toxic, we need him gone

        Comment


        • #5
          Wayne really got the bag huh. Damn, that's crazy

          Comment


          • #6
            Sued by Ronald Sweeney not Tez [MENTION=4348]lilweezyfan[/MENTION]

            Comment


            • #7
              Originally posted by Danny M View Post
              Sued by Ronald Sweeney not Tez @lilweezyfan
              Sorry will you fix it

              I hate them thirsty bitches
              Cut them off like circumcision
              -Lil Wayne

              Comment


              • #8
                clown selling his masters and falling for tez and macks shi lol




                #FREEVELVET

                Comment


                • #9
                  I can’t believe he sold his masters. He really been so poorly mismanaged his entire career
                  @ay_espo

                  Comment


                  • #10
                    Originally posted by lil_espo View Post
                    I can’t believe he sold his masters. He really been so poorly mismanaged his entire career
                    literally the most brain dead shit you could do no cap at all lol he could have been 100% independent making incredible amounts of money if he go this business together and stopped frying his brain with drugs




                    #FREEVELVET

                    Comment


                    • #11
                      What does "selling their masters" even mean? Why would I want to spend a hefty 100 million dollars to purchase those "masters". Does it mean that whoever owns them gets the money generated by his songs and has all rights to them?

                      Comment


                      • #12
                        I want joe budden to speak on this, wayne selling his masters.

                        He often got great insights about those business stuff in the music industry.

                        For me it sounds like a poor choice to sell your masters. Wonder why Wayne did this. Needed extra money for the Activis? "5k per bottle 25k every friday." Are there more elite artists who sold their masters? Kanye, em jay etc
                        "I can see God when I'm Squinting"

                        Comment

                        Working...
                        X