Lil Wayne Reportedly Settles Long-Standing Dispute With Cash Money And Universal

Lil Wayne has settled his lawsuit against Cash Money Records after a three-year legal battle, according to sourcing from Ambrosia For Heads.

Since 2015, the New Orleans native and hip-hop icon has been warring with his career-long label in court. In the lawsuit, Wayne sought $51 million in royalties owed to him spanning from advances on his long-awaited Tha Carter V album to revenue generated from artists like Drake and Nicki Minaj on his Young Money label.

In pursuing the lawsuit, Wayne went directly at-odds with his former legal guardian, Bryan “Birdman” Williams, and Birdman’s brother and legal partner, Ronald “Slim” Williams. The lawsuit also names Universal Music Group, Cash Money’s longtime distributor in the suit.

According to reporting by Pitchfork, two lawsuits have been settled. Court records show a notice of dismissal of the first documents in the lawsuit last month. A second lawsuit against Universal and Sound Exchange, Inc. was for $40 million, but Pitchfork obtained the notice of dismissal and reports that the settlement “does not indicate a monetary settlement amount beyond each side agreeing to ‘bear its own costs and attorneys’ fees.’”

The Blast first reported the story after speaking with individuals close to the case and claimed that Universal’s settlement paid “well over $10 million.” Karen Civil, who at one time was a spokeswoman for Wayne, confirmed the settlement’s existence but disputed the amount originally reported in a tweet earlier today.

In addition to his payout, Wayne fans can also take comfort in the fact that Tha Carter V is now his to release. Previously, now-incarcerated pharmaceutical executive Martin Shkreli claimed to have obtained a copy of the album, and it was listed in the assets obtained by federal agents after he was convicted for securities fraud.

On August 25, Champions Square will host the fourth annual Weezyana Fest in celebration of Tha Carter III‘s tenth anniversary.