The legal discord keeps getting worse over at Cash Money Records.
According to TMZ, Prince filed new legal docs to get Cash Money to fess up to just how much revenue Drake has generated for the label. Prince is credited for discovering the Toronto rapper, and aligning him with YMCMB.
The Texas native says he’s helped Birdman’s imprint make $40 million of the reported $84 million Drake has brought them over the years. Cash Money has so far paid Prince at least $1 million, which is far below what he says he’s owed.
Prince contends to signing Drake to Young Empire Music Group, and bringing him over to Aspire Music Group around 2008. The company, which is co-owned by Wayne’s manager, Cortez Bryant, reportedly signed October’s Own to a label and management deal with distribution through Cash Money, and Universal Music Group.
In the original suit, Prince claims to have entered into an oral agreement with Bryant’s company to “split profits accordingly.” Prince says he was promised “22 percent of Aspire’s share profits.”
Cash Money attempted to have the suit thrown out.
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(Photos from left: Lester Cohen/WireImage, Gabe Ginsberg/FilmMagic)
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