Lil Wayne just made a huge business deal.
The Hip-hop icon recently made headlines when it was reported that he sold his masters to Universal Music Group (UMG) for $100 millon back in June.
However, it is now revealed that the top-secret deal also included some of Nicki Minaj and Drake’s music too, per MEAWW.
According to Music Business Worldwide, Lil Wayne, who helped launch Drake and Nicki Minaj’s careers through his label Cash Money Records, allegedly sold the entire catalogue, including the work of Drake, Tyga, and Nicki Minaj.
The news comes after the 38-year-old rapper was recently sued by his former manager, Ronald Sweeney and Avant Garde Management for more than $20 million over unpaid commissions, reports TMZ.
“Plaintiffs are informed and believe… that, subsequent to (Sweeney’s) termination (as Wayne’s manager), specifically in or about June of 2020, Lil Wayne was able to sell the Young Money Masters to Universal Music Group for an excess of $100 million,” the suit read, according to Music Business Worldwide.
In addition to Lil Wayne’s own catalog, the million-dollar deal also includes Drake’s several hit projects such as ‘Take Care’, ‘Nothing Was the Same’ and ‘Views’, up until 2018’s ‘Scorpion’, his last album recorded under Young Money/Cash Money. His latest records, including 2020’s Dark Lane Demo Tapes, have been released on his own label, OVO Sound, under exclusive license to Republic Records. UMG reportedly now owns Drake’s pre-2018 catalog as part of the Young Money acquisition, as per MEAWW.
Meanwhile, Nicki Minaj’s albums released under the Cash Money Records including ‘Pink Friday’, ‘The Pinkprint’ and ‘Queen’ were also reportedly sold. Her most recent single titled ‘Yikes’, released in February 2020, is also credited to Young Money/Cash Money, reports RAP-UP.
The news went instantly viral as a lot of Lil Wayne’s fans were left shocked, with many social media users voicing their opinion over the sale.
“Lil Wayne sold drake and nicki minaj s**t too lol the game dirty,” a fan wrote.
A second user said, “Ain’t no WAY wayne sold Drake and Nicki’s masters for 100-400mil and they’re both so cool with it?? They’re worth at least upwards of 800mil.”
“Wayne got finessed not only did he sell his catalog (worth at least 1 billion) he sold drake and Nicki as well smh. Dawg need a financial advisor he gone end up broke @LilTunechi,” added another.
A fan posted, “100 million is way too low especially for Drake and Nicki.”