Cash Money Sued Over Missing Drake Profits
Cash Money Records isn’t sharing the wealth from their cash cow, according to a lawsuit the label hasn’t given Aspire Music Group it’s share of profits from Drake’s record sales. The rapper signed an exclusive recording deal with Florida-based Aspire Music Group in 2008, Aspire then entered an agreement with Cash Money to receive one-third of profits from Drake’s licensing and songwriting sales.
Yet Cash Money Record is being accused of refusing to pay what they owe. A number that is not yet known, Aspire has asked the court to supervise full accounting of Cash Money’s books in order to determine the amount due under its contract.
The lawsuit filed on Monday (April 17) in the Manhattan Supreme Court, by Aspire Music Group alleges missing profits and copyright royalties stemming from Drake‘s first six solo albums, and cites breach of contract, breach of good faith and fair dealing and tortious interference as claims, and includes Cash Money c0-owners Bryan “Birdman” Williams and Ronald “Slim” Williams, as well as Young Money Entertainment, as defendants. There is a lot of money on the table, according to the court documents reviewed by Billboard tens of millions.