This summer, Lil Wayne reportedly sold Young Money's masters to Universal Music Group for $100 million. The reports say that he gave much more than just the rights to his music. Lil Wayne’s net worth went up, and the rapper is reportedly a billionaire after he sold his masters to Universal Music Group for more than $100 million. These reports about Lil Wayne comes after Kanye West claimed he attempted to buy his masters back from Universal. According to Music Business Worldwide, a pending lawsuit reveals that the No Ceilings rapper’s settlement also sold Young Money’s entire catalog to Universal Music Group. Source: UGC. 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. Visit streaming.thesource.com for more … Lil Wayne is getting sued for a cool $20 million, at least, by one of his ex-managers. Sweeney suggests that Lil Wayne then “reconfirmed and represented… that [Sweeney] would receive 10% of the settlement proceeds from the Cash Money Action and the Universal/SoundExchange Action, in perpetuity, as well as 10% of all proceeds from the sale of [the] Young Money Masters”. Lil Wayne Sells His Masters to Universal Music Group for Over $100 Million Lil Wayne is cashing in. Lil Wayne has had a busy week… Rolling Stone reports that Lil Wayne pleaded guilty to one count of possessing a firearm and ammunition by a convicted felon at a Florida court hearing. Lil Wayne’s net worth went up, and the rapper is reportedly a billionaire after he sold his masters to Universal Music Group for more than $100 million. As Sweeney explained, he was hired by Wayne all the way back in 2005 where he was tasked with helping Wayne resolve his issues with Cash Money and Birdman. Lil Wayne made headlines last week when it was announced that he sold his masters for $100 millon back in June, but new reports claim he gave away more than the rights to his music. Lil Wayne reportedly sold his masters to Universal Music Group for $100 million in a supposed deal that includes Young Money’s entire catalog. The “A Milli” emcee sold his masters to Universal Music Group back in June, but it is just being brought to public knowledge due to a pending lawsuit. December 14, 2020 While many artists are fighting for the rights to their masters, Lil Wayne reportedly sold his for a whopping $100 million. According to The Balance Career website, a master license means that the license holder has the right to use a recorded piece of music in media projects. This time, however, he was actually right there in Augusta watching with fellow patrons: Music signee, Big Sean, millions. The deal happened in June but it wasn’t made public until recently because Weezy’s former manager, Ronald Sweeney, is suing him for $20 million. Lil Wayne is a big golf fan who has tweeted about watching The Masters in recent years. Lil Wayne has reportedly sold the rights to his masters for $100 million, according to TMZ.. Music Business Worldwide also has something to say, and a pending lawsuit reveals that Lil Wayne sold Young Money’s entire catalog to the Universal Music Group. Lil Wayne Sells His Masters For More Than $100 Million. It's recently come to light that Lil Wayne allegedly sold the Young Money masters to Universal Music Group, which made him $100 million richer. December 14, 2020 Lil Wayne reportedly sold the rights to his masters to Universal Music Group for $100 million this past summer. Shame on the Masters — Lil Wayne WEEZY F (@LilTunechi) April 12, 2013. On November 27, 2015, Master P would release his fourteenth album titled Empire, from the Hood to Hollywood; it would feature guest appearances from Krazy, Lil Wayne, Maserati Rome, Money Mafia, Ace B, BlaqNmilD, Fame-O and Luccianos, and would be released via his label No Limit Forever Records and Globy House Records. Lil Wayne owns Young Money Entertainment, which has released music albums of reputed musicians like Drake, Nicki Minaj, Tyga, Young Money, and Rich Gang. Earlier this week, a lawsuit filed by Lil Wayne’s former manager, Ronald Sweeney, detailed several business transactions involving the Young Money frontman, including a claim that Wayne sold his Masters to Universal Music Group back in June of this year. The Young Money boss has reportedly sold his masters to … When I heard the news that Lil Wayne sold his masters to Universal Music Group, my initial reaction was: Good for him. While many artists are fighting for the rights to their masters, Lil Wayne reportedly sold his for a whopping $100 million. According to TMZ, Lil Wayne‘s former manager Ronald Sweeney has filed a lawsuit against the New Orleans rapper for over $20 million. Lil Wayne sold Young Money masters which included Nicki Minaj and Drake albums. Now follow your favourite television celebs and telly updates. Fans were shocked recently after news came of the major sale, and perhaps will help out with a few of his lawyer fees. Music Business Worldwide also has something to say, and a pending lawsuit reveals that Lil Wayne sold Young Money’s entire catalog to the Universal Music Group. Lil Wayne has reportedly sold his masters (Picture: Brandon Nagy/REX) Lil Wayne has reportedly sold his masters to Universal Music Group in a big … Tune in today to stay updated with all the latest news and headlines from the world of entertainment. He recently sat down to speak with Sovereign Brands, who asked him whether he was looking for the next Drake or Nicki Minaj. The rapper also pleaded guilty to federal gun posession. As for Nicki Minaj and her most recent album, Queen was also released under Young Money and it's been reported that almost all of the rapper's major releases have been under Lil Wayne's record label. Lil Wayne reportedly sold the rights to his masters to Universal Music Group for $100 million this past summer.. Lil Wayne made headlines last week when it was announced that he sold his masters for $100 millon back in June, but new reports claim he gave away more than the rights to his music.. Does Nicki Minaj still own her masters after this deal? Lil Wayne sells his master recordings to Universal Music for a cool $100 million. By Daniel Mousdell the recording Lil Wayne sold his for a cool $ million. Your favourite television celebs and telly updates and Drake albums for $ million! 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