Lil Wayne Reportedly Petitions To Dissolve Young Money Records

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Lil Wayne takes the stage at the Bud Light Party Convention in Houston, August 13, 2016. Bud Light - America's most popular and inclusive beer brand - is taking the Bud Light Party on the road with 13-city Convention Tour from 8/5-8/27 at Silver Street Studios on August 13, 2016 in Houston, Texas.
Lil Wayne allegedly wants the termination of Young Money as a joint venture with Cash Money.

There was a time when Young Money, as a collective, had a major influence on hip hop's landscape. When Drake and Nicki Minaj were just starting to blossom into their careers, Weezy's Young Money imprint was the label that nurtured them into being the superstars they are today. Sadly, it seems that Lil Wayne want to shut down shop.

Lil Wayne is allegedly trying to take the Young Money imprint off of Cash Money, according to reports from The Blast. The feud he's been having with Birdman seems to have trickled down to his own imprint. The report says that Lil Wayne is sick of Birdman cashing in on his hard work and either wants the music label to be dealt with properly or dissolved from the Cash Money imprint. Wayne reportedly said he feels he's brought an enormous amount of talent to the company, especially with Drake and Nicki Minaj, but says he was bamboozled by Birdman.

In documents that Wayne allegedly filed, he's asking the court to "appoint a receiver to supervise the operations of Young Money Label joint venture or order the termination of Young Money Label joint venture and appoint a liquidator." 

It would be the end of an era if Young Money ends up terminated as a company. It initially started as a joint venture between Wayne and Cash Money back in 2003.

Wayne's original beef with Birdman and Cash Money Records stems back to 2014 when Wayne said that Cash Money is refusing to release Tha Carter V and that Wayne has yet to receive his $8 million dollar advance from Birdman.

Despite Wayne's claims, Birdman continues to deny that he or Wayne have any issues. A few weeks prior, Birdman went on an epic rant on his Instagram story where he said that he's taken care of Wayne regardless of what the media or others are saying.

"Bitch, you think I ain't gonna make sure he straight? Suck a n**a dick, bitch. I'm gonna show all you pussy ni**as that got in my business, fuck you ni**a," he said.

The beef between father and son doesn't look like it'll come to a halt anytime soon. 


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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