FPSS slide image

LALATE: The Latest Celebrity News, Entertainment News, Soccer, Football, World Cup, Scores!

Celebrity News, Hollywood News, Soccer, Football, National News, Live Score, and More. Breaking and Exclusive.

FPSS slide image

Soccer Scores | EPL Table 2015 Results English Premier League

Manchester United, Chelsea, Manchester City | La Liga Table Real Madrid, Barcelona | Bundesliga Bayern Munich | Draw Results

FPSS slide image

NCAA Tournament 2015 Bracket Printbale | March Madness Bracket 2015 Printable

NCAA Tournament College Basketball 2015, March Madness, Road to the Final Four and More

FPSS slide image

Dancing with the Stars 2015 Results Tonight | DWTS 2015 Eliminations

Who Got Eliminated on Dancing with the Stars Tonight? Dancing with the Stars 2015 Results & Eliminations


Lil Wayne Cash Money, Young Money Reveals Shocking Music Disclosure: WORLD EXCLUSIVE

Posted: December 3rd, 2011 in Lil Wayne by LALATE

Lil Wayne Cash Money, Young Money Reveals Shocking Music Disclosure: WORLD EXCLUSIVE

LOS ANGELES (LALATE EXCLUSIVE) – Lil Wayne’s Cash Money / Young Money made a shocking corporate disclosure Friday regarding its music. Cash Money Records Inc and Young Money Entertainment LLC were until Friday afternoon believed to be subsidiaries of Universal Music Group. That, however, is not the case, LALATE can exclusively report.

In 1991, news reports claimed that Cash Money Records Inc., founded by Bryan “Birdman” Williams and Ronald “Slim” Williams, was “signed” to Universal Music Group. A perusal of news reports, as recent as last week, still claimed Cash Money Records is a “subsidiary” of Universal Music Group.

But in newly filed court document exclusively obtained by LALATE, that is not the case. Lil Wayne, Cash Money, Young Money, and Universal are all being sued for the song “BedRock”, as reported first on LALATE. On Friday, attorneys for Lil Wayne and the other defendants filed their answer to the compliant.

Attached to their answer is the Corporate Disclosure Statement required by Rule 7.1. Pursuant to Federal Rule of Civil Procedure 7.1(a), the undersigned counsel for all the defendants including Universal and Cash Money certified that Cash Money is not a subsidiary of Universal Music Group nor any division of Universal.

“Defendants Cash Money Records, Inc. and Young Money Entertainment, LLC do not have parent corporations, and no publicly held corporation owns 10% or more of the stock of either defendant” certified Cynthia S. Arato, attorney for defendants Dwayne Carter, UMG [Universal Music Group] Recordings, Inc., Cash Money Records, Inc. and Young Money Entertainment, LLC

Dino Delvaille has previously told news in 2004 that Cash Money’s Universal deal entitled them to 100% ownership of their music. “When I signed Cash Money to Universal Records I made certain they retained 100% ownership of their work. They deserve it.” But in his 2004 article, and reports thereafter, Cash Money was always indicated as a subsidiary under the umbrella of the Universal Music Group family.


celebrity news celebrities hollywood
Lil Wayne










celebrity news celebrities hollywood  the ringer cw sarah michelle gellar
twitter twitter
twitter

Comment and Contribute:


[Policy Regarding Comments]




celebrity news celebrities hollywood




LALATE






karina smirnoff playboy photos
danica patrick hot photos
Jessie Lunderby PHOTOS

celebrity news celebrities hollywood



































About lalate.com | Privacy Policy | Terms of Use | Posting Comments | Staff | Contact Us | Feed | Archives
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014
lalate.com - america's fastest growing celebrity news site
Copyright (c), TM 1998-2015 lalate.com. All rights reserved.