Lil Wayne Reportedly Signs With Royalties Collection Company

Lil Wayne Reportedly Signs With Royalties Collection Company

Weezy wants his cash money.

Published June 9, 2015

Lil Wayne is still going forth with his mission to get off Cash Money Records and remain his own entity with Young Money.

According to AllHipHop, Weezy has signed with Kobalt, a royalty collections company, in attempts to get the money he is owed, including unpaid royalties and album advances. Earlier this year, we learned that Wayne sued Birdman and his former label for $51 million.

Kobalt’s website describes their services in detail: “Kobalt’s powerful tracking system compares collection against detailed in-house expectations to ensure all income is correctly accounted. Kobalt develops these detailed expectations from 3rd party performance data, Territory expectations from Kobalt’s pre-distribution health check, as well as from the client’s income data. Combining these three data sources allows us to monitor collection and ensures all income is received.”

Clients currently signed to Kobalt are Busta Rhymes, Kid Cudi, Noah “40” Shebib and DJ Premier. Other big stars such as Ariana Grande, Bruno Mars, Sam Smith and Calvin Harris have been recently added.

Click here for a chance to win a trip to the 2015 BET Awards!

BET.com is your No. 1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.

(Photo: Kevin Winter/Getty Images for BET)

Written by Eric Diep

COMMENTS

Latest in news