Showing posts with label CASH MONEY RECORDS. Show all posts
Showing posts with label CASH MONEY RECORDS. Show all posts

Sunday, 18 March 2012

Cash Money Records Sued By EMI For Over $500,000


It appears that Cash Money has found itself in more legal trouble. According to Baller Status, the label owes over half a million in royalties to EMI. Get more after the jump.

Baller Status – According to Courthouse News Service, music giant EMI filed a lawsuit against Cash Money Records in a Manhattan court recently, alleging that the label has failed to pay royalties for various samples they’ve used from their catalog.
Cash Money owes more than $491,000 in royalties, and has ceased making quarterly payments to EMI. So, they were forced to file suit, according to court docs.
“Because [Cash Money Records] has ignored numerous communications from EMI regarding [Cash Money's] contractual obligations, EMI once more is being forced to commence a lawsuit against [Cash Money Records] to recover royalty payments,” the complaint states. “The sales of [Cash Money Records'] products have far exceeded the payments that EMI has received.
“It is clear from [Cash Money's] conduct that it has no intention of honoring the Agreement,” the complaint continues.
The lawsuit from EMI is just the latest in a long list of legal actions taken against the label for the exact same complaint over the years, specifically from producers who claim they were never compensated for their contributions to various Cash Money releases.
Previous artists who’ve filed suit include producer Bangladesh, producer T-Mix, Done Deal Enterprises, producer David Kirkwood, Bridgeport Music, “Lollipop” producer Deezle, and others.

Tuesday, 28 February 2012

NEWS: Birdman Plans To Drop 16 Albums Under YMCMB For The Year



This feels overly ambitious but at the rate they’re signing people…it just may be possible. From Christina Milian to Limp Bizkit to Mystikal to Busta Rhymes…YMCMB has acquired a handful of new artists over a variety of different genres just this year alone. And we’re only 2 months in! While speaking to XXL, the Cash Money CEO revealed he plans on putting out projects from 16 of their artists this year. Insane! Details below.

Baby’s ambition is clear: the flamboyant Cash Money CEO wants to release 16 albums under the YMCMB umbrella within the first six months of this year.
After recently explaining to XXLMag.com how the deal with Fred Durst’s 1990s rock-rap band, Limp Bizkit, came about, Birdman tells XXLMag.com there are still other acts from genres other than rap that he and Slim are interested in scooping up to further expand the roster.
“I think bringing Fred and Limp Bizkit to the team gives us a different look,” Birdman says. “We dominate rap, but we’re also trying to grow in different areas; Pop, rock, gospel, country.”
Of course, Cash Money will always be hip-hop heavy with headlining acts such as Lil Wayne, Nicki Minaj and Drake, but Baby wants to dominate in other areas as well.
“We’re a brand and we don’t want to be categorized as one type of brand,” Stunna continued. “I think we’re a machine and we activate and were active as a machine. I thought this Limp Bizkit move would be big for us as a brand and a machine.”
Birdman revealed to XXLMag.com that Limp’s first single will feature Lil Wayne and comes out next week.
Already, there’s a rash of artists under the YMCMB umbrella with music on the way. Bow Wow’s, Underrated, LP and Lil Twist’s, Don’t Get It Twisted drop a week apart on March 13 and March 20, respectively, while Nicki Minaj’s, Pink Friday: Roman Reloaded is slated for April 3. New albums from Busta Rhymes and Mystikal—also new YMCMB signees—have summer release dates as well.

Friday, 24 February 2012

BUSTED: JUVENILE Arrest Warrant Issued in Deadbeat Dad Case


Rapper Juvenile is a wanted man in Louisiana ... facing 90 days in prison for screwing over his baby mama in a BAD way ... and a judge has now ordered that he be arrested on sight.

According to court papers obtained by TMZ ... the former Cash Money Records rapper owes more than $160,000 in unpaid child support to Dionne Williams, the mother of his 13-year-old son.

In Louisiana, deadbeat dads can be locked up for shirking their child support obligations ... and a judge ruled that Juvenile is no exception .. since he hasn't forked over a dime since December 2006.

There is ONE way for Juv to avoid backin' that ass up into the pokey -- the judge ruled if he comes up with $50k immediately, he can buy himself more time to get caught up with the remaining balance.