celeb news Throwback: Lil Wayne Reportedly Sold Drake & Nicki Minaj's Catalogs With His Masters

[reymiu]

https://www.okayplayer.com/music/lil-wayne-sold-drake-nicki-minaj-masters.html

 

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Lil Wayne Reportedly Sold Drake & Nicki Minaj's Catalogs With His Masters

we learned Lil Wayne sold his masters to Universal Music Group for $100 million. A new report unveils that Drake, Nicki Minaj and Tyga’s catalogs under Young Money were sold along with Lil Wayne's catalog. Per Music Business Worldwide, a pending lawsuit filed by Wayne’s manager revealed Young Money’s entire catalog was sold.

 

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The suit reads, “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 deal reportedly includes Drake and Nicki’s entire discographies. Each of Drake’s albums released ahead of Scorpion were released under Young Money, (to be clear that’s Thank Me Later to Scorpion). The rest of his projects have dropped under his own imprint, OVO. This year, Drake unveiled Dark Lane Demo Tapes via OVO which has a partnership with Republic Records (owned by UMG). 

 

Nicki’s albums including Queen arrived on behalf of Young Money. 

I'm not good w finance, can someone help explain to me just this one question

 

Can Nicki Minaj and Drake still make money from their past hits after Lil Wayne sold the Young Money catalog?

 

[KingWitch]

Why would you sell the masters to Drakes albums for just $100mil is he crazy? 

[reymiu]

Also: we never will know this but did Lil Wayne give any of the $100M to Drake / Nicki Minaj/ Tyga 

 

Could it be true, if Lil Wayne had given Nicki several millions and that's still not enough to pay her debts 

 

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Another detail

- Drake is no longer releasing under Young Money (he releases via his own imprint OVO)

- Tyga is releasing independently

- Nicki is STILL releasing under Young Money 

 

Is Nicki still in debt to Young Money  Who else are releasing under Young Money at this point 

Edited February 2 by reymiu

[PrettyHurts]

yes i believe they can still make money through their writing credits/publishing and performer credit 

[reymiu]

5 minutes ago, KingWitch said:

Why would you sell the masters to Drakes albums for just $100mil is he crazy? 

IKR ???????!!!

 

But maybe he wanted to sell quick because he's afraid others will be noticed of this, he wanted to sl before others figure out and stop him

Edited February 2 by reymiu

[KKW]

A 2020 article… really?  

[Relampago.]

If true lmao

 

Is that what her ex assistant meant when she said “that’s why you still rep Drake and Wayne” or whatever?

[Jeremiah]

You people care way too much for millionaires and their stupid contract deals

[Yuanyu]

4 hours ago, reymiu said:

Can Nicki Minaj and Drake still make money from their past hits after Lil Wayne sold the Young Money catalog?

 

Almost no artist owns their masters, to think that they can't make money with their music without their masters is a misconception

[reymiu]

27 minutes ago, Yuanyu said:

Almost no artist owns their masters, to think that they can't make money with their music without their masters is a misconception

So essentially without masters, they make money via

- Sales (physical, digital, streaming)

- Songwriting 

- Performing at events / corporate / festivals etc

- Tour

- Endorsement

- Feature fees (ie artists send a verse and collect the money)

 

Do I miss anything else?

 

Given that an artist like Nicki who has multiple hits, who can charge a high fee, she also has writing credits on many hit songs. Why is she so broke then , I'm baffled !