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Wayne About To Get A Larger Chunk Of Drake's Profits


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 4 months ago '06        #1
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Tha Carter V 381 heat pts381
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Wayne About To Get A Larger Chunk Of Drake's Profits
 

 
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Aspire Music Group, the record label that first signed musical superstar Drake to a contract in 2008, has been given the green light to pursue a major profits lawsuit against Cash Money Records and UMG Recordings.

The plaintiff was a company co-founded by Cortez Bryant, who once served as Lil Wayne's manager. After Aspire signed Drake, it furnished the musician's services in 2009 to Young Money Entertainment, a joint venture between Cash Money and Lil Wayne. Under the agreement, Aspire was to get one-third of net profits from the exploitation of Drake's first six solo albums as well as a third share in the copyrights.

Drake has since become one of the most successful artists on the planet, and Cash Money has been brought to court on several occasions for allegedly not properly sharing the spoils. Lil Wayne recently settled his own $51 million lawsuit, but that doesn't completely end the controversy as Aspire has brought its own claims in New York state court against Cash Money and Universal (UMG).

Last week, New York Supreme Court Judge Barry Ostrager largely rejected a motion to dismiss.

Cash Money argued there was an incontestability provision in the agreement whereby Aspire needed within two years of receiving an accounting statement to provide written objections. Since Aspire hadn't, the defendant moved for dismissal on the basis that Aspire had failed to meet the conditions of its deal.

"The Money Defendants' purported frustration of Aspire's ability to perform any of these apparent conditions precedent necessitates denial of the Money Defendants' motion to dismiss," responds Ostrager. "Here, Aspire alleges the Money Defendants provided deceptive statements reflecting no monies due to Aspire and eventually ceased providing Aspire with any accounting statements. Aspire has provided documentary evidence of at least one request to conduct an audit of Cash Money and Cash Money's purported failure to adequately respond."

Ostrager also rejects a statute of limitations argument except with respect to claims arising out of accounting statements provided before March 2010. The judge points to a tolling agreement between the parties that extended the time period in which Aspire could sue.

The responsibility ó or liability ó could fall on Universal's shoulders. That's because in an amended complaint Aspire alleges ó "adequately," according to the judge ó Universal is the equitable owner of Cash Money and the "alter ego" of Cash Money.

Cash Money was co-founded by Bryan "Birdman" Williams, and Universal technically isn't the label's owner.

However, according to Aspire's complaint, Universal took advantage of Cash Money's cash flow problems by satisfying debt in exchange for control. The companies are said to share office space and an intermingled business affairs department. Cash Money also is dependent on advances and direct payments from Universal. It's enough for the judge at this point to see Universal as really controlling the business operations of Cash Money.

The lawsuit further contends that after Universal took control of Cash Money, the distribution agreements were renegotiated to provide Universal with higher fees. Because distribution fees are deducted from defined net profits in the Aspire agreement, Aspire a.sserts it lost significant revenue from the exploitation of Drake's albums.

"Regardless of whether Cash Money's purported relinquishment of its business to Universal is partially the result of freely executed contracts between the parties, the inquiry into whether, and to what extent, the contractual relationship between the two parties transformed over time into that resembling an alter ego relationship is necessarily fact intensive and requires discovery," writes Ostrager in rejecting Universal's dismissal motion.

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123 comments for "Wayne About To Get A Larger Chunk Of Drake's Profits"

 4 months ago '04        #2
talkofny2k4 193 heat pts193
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@ , i think its about that time








Even though you're multi, I see that your soul don't look alive
The M's count different when Baby divides the pie, wait
Let's examine why
Your music for the past few years been angry and full of lies
I'll start it at the home front, "I'm on One"
Dennis Graham stay off the gram, bi*ch, I'm on one



 4 months ago '17        #3
TVR 2 heat pts
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 talkofny2k4 said
@ , i think its about that time








Even though you're multi, I see that your soul don't look alive
The M's count different when Baby divides the pie, wait
Let's examine why
Your music for the past few years been angry and full of lies
I'll start it at the home front, "I'm on One"
Dennis Graham stay off the gram, bi*ch, I'm on one


Hes signed directly to Universal now so your "source" is kinda lacking..


 4 months ago '04        #4
talkofny2k4 193 heat pts193
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 TVR said
Hes signed directly to Universal now so your "source" is kinda lacking..

New nuggas

 4 months ago '17        #5
TVR 2 heat pts
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 talkofny2k4 said
New nuggas
Go and read the what came out of the Young Money, Cash Money contracts after Lil Wayne got out of Cash Money..

You old n*ggas..


 4 months ago '16        #6
Rhyming Joints 55 heat pts55
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Look at this fool rushing to google to get some more hot tea for BX so he can be all



 talkofny2k4 said
Didn't figure out either until i got my bread up and was able to fuc 2 bi*ches While pouring patron Down their a.ss cracks
He’s just mad cause he got called out for being a trick!



This man Drake really an emotional punching bag scapegoat for this fool.

He probably spent many a sleepless nights hoping he didn’t get the hoes he’s been tricking on pregnant and is just full of joy he could put those emotions on Drake



You should really stop hating Drake since in reality he’s your spirit animal




You both had to wait to get your money up and you both trick on hoes to your detriment.


 4 months ago '04        #7
talkofny2k4 193 heat pts193
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 Rhyming Joints said
Look at this fool rushing to google to get some more hot tea for BX so he can be all





He’s just mad cause he got called out for being a trick!



This man Drake really an emotional punching bag scapegoat for this fool.

He probably spent many a sleepless nights hoping he didn’t get the hoes he’s been tricking on pregnant and is just full of joy he could put those emotions on Drake



You should really stop hating Drake since in reality he’s your spirit animal




You both had to wait to get your money up and you both trick on hoes to your detriment.

This is What u referring BROKE n*gga??



"Whole lotta chatty patty a.ss sh*t in this thread









[pic - click to view]




What the fu*k is Dame doin there? Been tryna figure this for 15 years [/quote]

"Didn't figure out either until i got my bread up and was able to fuc 2 bi*ches While pouring patron Down their a.ss cracks














Ask ya bi*ch. She'll make sense of it all. I'm sure that hoe juggled plenty d!ck from n*ggas this jiggy.


Young


Last edited by talkofny2k4; 07-11-2018 at 10:22 PM..

 4 months ago '16        #8
Rhyming Joints 55 heat pts55
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 talkofny2k4 said
This is What u referring BROKE n*gga??



Whole lotta chatty patty a.ss sh*t in this thread









[pic - click to view]




cosbyuserious:What the fu*k is Dame doin there? Been tryna figure this for 15 years
Didn't figure out either until i got my bread up and was able to fuc 2 bi*ches While pouring patron Down their a.ss cracks


Ask ya bi*ch. She'll make sense of it all. I'm sure that hoe juggled plenty d!ck from n*ggas this jiggy.


Young [/QUOTE]

You been a chatty patty for a month and a half straight.

Being all chatty patty about a man slowly dying.

Being all chatty patty about Drakeís mom.

Being all chatty patty about Drakeís life non stop.

Look at you even being chatty patty about his pockets.

At this point with how youíre always looking to Drake, Dame would say Drake is your daddy you trick bi*ch!



He might as well be your putting all your negative emotions about yourself on him, and you donít even know him. Just like you donít know your real daddy.



If you had a daddy in your life to put your emotions on you wouldnít act the way you do

Drake is your surrogate daddy. You should treat him with more respect. Maybe then you could have some respect for yourself and stop tricking all your money on hoes.

BROKE BOY! Those hoes tricked you out all your money playa.


 4 months ago '04        #9
talkofny2k4 193 heat pts193
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 Rhyming Joints said
Didn't figure out either until i got my bread up and was able to fuc 2 bi*ches While pouring patron Down their a.ss cracks


Ask ya bi*ch. She'll make sense of it all. I'm sure that hoe juggled plenty d!ck from n*ggas this jiggy.


Young
You been a chatty patty for a month and a half straight.

Being all chatty patty about a man slowly dying.

Being all chatty patty about Drakeís mom.

Being all chatty patty about Drakeís life non stop.

Look at you even being chatty patty about his pockets.

At this point with how youíre always looking to Drake, Dame would say Drake is your daddy you trick bi*ch!



He might as well be your putting all your negative emotions about yourself on him, and you donít even know him. Just like you donít know your real daddy.



If you had a daddy in your life to put your emotions on you wouldnít act the way you do

Drake is your surrogate daddy. You should treat him with more respect. Maybe then you could have some respect for yourself and stop tricking all your money on hoes.

BROKE BOY! Those hoes tricked you out all your money playa.

[/QUOTE]

[video - click to view]


 4 months ago '16        #10
MrCiiNeMa 17 heat pts17
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What the fu*k are y’all on about ITT

 4 months ago '16        #11
Rhyming Joints 55 heat pts55
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 talkofny2k4 said
You been a chatty patty for a month and a half straight.

Being all chatty patty about a man slowly dying.

Being all chatty patty about Drakeís mom.

Being all chatty patty about Drakeís life non stop.

Look at you even being chatty patty about his pockets.

At this point with how youíre always looking to Drake, Dame would say Drake is your daddy you trick bi*ch!



He might as well be your putting all your negative emotions about yourself on him, and you donít even know him. Just like you donít know your real daddy.



If you had a daddy in your life to put your emotions on you wouldnít act the way you do

Drake is your surrogate daddy. You should treat him with more respect. Maybe then you could have some respect for yourself and stop tricking all your money on hoes.

BROKE BOY! Those hoes tricked you out all your money playa.


[video - click to view]

[/QUOTE]

Perfect theme song for you tricked out ya money playa!

You should see a gynaecologist though cause most bi*ches only be on that PMS sh*t for a week.

Youíve been PMSing about Drake for a month and a half straight.

Make sure your hormones straight. Aight bi*ch?

 4 months ago '06        #12
Tha Carter V 381 heat pts381 OP
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 MrCiiNeMa said
What the fu*k are yíall on about ITT
The moral to the thread is Tez & Wayne created Aspire just to get a bigger cut of Drakes earnings & if this case goes like Waynes did they are about to finally see it. Babys cut of Drakes $ is going to take another hit soon.

 4 months ago '16        #13
MrCiiNeMa 17 heat pts17
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 Tha Carter V said
The moral to the thread is Tez & Wayne created Aspire just to get a bigger cut of Drakes earnings & if this case goes like Waynes did they are about to finally see it. Babys cut of Drakes $ is going to take another hit soon.
I get that. Iím talking about these dudes rippin each other apart lol

Top 10 most slapped recently  4 months ago '16        #14
Papi 452 heat pts452
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Drake is signed directly to universal

He’s Michael Jackson status now

 4 months ago '17        #15
Cant Read Shit 8 heat pts
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funny how both drake stans and haters sh*t on each other all day, but both agree that @ is a weirdo


never seen anybody so awkward and cringeworthy..dude goes crazy and types up novels for every reply


and always sounds like some 49 year old white father tryna fit in with the kids


[pic - click to view]








will not read w/e cringy a.ss reply u make either


 4 months ago '15        #16
Preacher Mane 28 heat pts28
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 Tha Carter V said
The moral to the thread is Tez & Wayne created Aspire just to get a bigger cut of Drakes earnings & if this case goes like Waynes did they are about to finally see it. Babys cut of Drakes $ is going to take another hit soon.
Where the hell has Tez been? Havenít seen him in a while. He still working with Wayne/Drake/Nicki?

 4 months ago '13        #17
mikejuheard 44 heat pts44
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n*ggas in here typing all type of non sense

Weirdos

 4 months ago '11        #18
GrindPOWER$ 444 heat pts444
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some of these dudes can sue but when will they get there money we may never know...drake had too much people in the put him signing straight to the source now is better for him....i hope you artist up and coming see this try ya best to have less hands off in ya pocket.

 4 months ago '16        #19
North Face 40 heat pts40
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Good for Wayne

 4 months ago '16        #20
Rhyming Joints 55 heat pts55
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 Cant Read sh*t said
funny how both drake stans and haters sh*t on each other all day, but both agree that @ is a weirdo


never seen anybody so awkward and cringeworthy..dude goes crazy and types up novels for every reply


and always sounds like some 49 year old white father tryna fit in with the kids


[pic - click to view]









will not read w/e cringy a.ss reply u make either

Funny how I never quote you first or mention you. This is a one sided thing that you always initiate

You keep jumping on my lap like a fu*king queer.




Listen, Iím not your f*ggot lover for you to be so scorned about, bi*ch!

Iím not your fu*king daddy either, so quit with your lame a.ss pants pulling to get my attention you little retarded f*ggot

 4 months ago '04        #21
PrisonRules 72 heat pts72
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 talkofny2k4 said
@ , i think its about that time








Even though you're multi, I see that your soul don't look alive
The M's count different when Baby divides the pie, wait
Let's examine why
Your music for the past few years been angry and full of lies
I'll start it at the home front, "I'm on One"
Dennis Graham stay off the gram, bi*ch, I'm on one


Well damn, who the hell is Drake all signed to?

To prince, aspire and cash money? Aspire getting a third? That's a huge chunk.

I know Drake caking from shows n stuff but this article makes it seem like he ain't getting nothing from the actual music the companies are selling.

 4 months ago '16        #22
Rhyming Joints 55 heat pts55
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 Cant Read sh*t said
funny how both drake stans and haters sh*t on each other all day, but both agree that @ is a weirdo


never seen anybody so awkward and cringeworthy..dude goes crazy and types up novels for every reply


and always sounds like some 49 year old white father tryna fit in with the kids


[pic - click to view]








will not read w/e cringy a.ss reply u make either

Since you donít like novels Iím going to break sh*t up into small chapters since youíre too retarded to read. See how u like it.

Iím guessing bullsh*ttalkofny is your f*ggot lover.



Youíre definitely the white boy in front.



You sticking up for your lover f*ggot?

Did it dry up your pus*y to see your mans so emasculated?

See I told that motherfu*ker his bi*ches permanent look is this



Look f*ggot itís no use. Your mans done.

Go look for another f*ggot to play Titanic with.

 4 months ago '16        #23
Rhyming Joints 55 heat pts55
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 Cant Read sh*t said
funny how both drake stans and haters sh*t on each other all day, but both agree that @ is a weirdo


never seen anybody so awkward and cringeworthy..dude goes crazy and types up novels for every reply


and always sounds like some 49 year old white father tryna fit in with the kids


[pic - click to view]








will not read w/e cringy a.ss reply u make either

You really thought saying I type too much was going to get me to type less?

Nah, Iím owning that sh*t. Since it pisses you off cause you canít read and keep up to me. Iím just going to keep doing it.

Since you like my attention so fu*king much. You got it now.

 4 months ago '06        #24
Tha Carter V 381 heat pts381 OP
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 Preacher Mane said
Where the hell has Tez been? Havenít seen him in a while. He still working with Wayne/Drake/Nicki?
Hes still w/ Wayne, will always be his manager. Dont ever see him around Drake & Nicki

[video - click to view]


 4 months ago '06        #25
Tha Carter V 381 heat pts381 OP
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 PrisonRules said
Well damn, who the hell is Drake all signed to?

To prince, aspire and cash money? Aspire getting a third? That's a huge chunk.

I know Drake caking from shows n stuff but this article makes it seem like he ain't getting nothing from the actual music the companies are selling.
Drake isnt directly signed to Prince. Aspire is Tez & Wayne. They created it just yo get a better %. Drake is the only artiat signed to Aspire.

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