There has been a big break in what we have dubbed the YMCMB Civil war. A judge has ordered Cash Money Records CEO Bryan “Birdman” Williams to show the label’s estranged rap star Lil Wayne the company’s financial records. As previously reported, Wayne claims that he’s missing his $70 million cut of Cash Money’s $100 million advance from distributor Universal Music Group. That $70 million is what, under normal circumstances, fuels the operating costs for Cash Money’s Young Money imprint, which is ran by Wayne, and features marquee artists like Drake and Nicki Minaj.
According to TMZ, Birdman’s lawyer has handed over more than 2,000 pages of documents to Wayne’s legal team. Team Wayne says the what they were given isn’t enough, and they want a deeper look into where the money has gone. The trouble is, Cash Money Records may have lost track of their actual cash. TMZ says the label kept poor track of spending for 2 years.
Remarkably, a rep for Birdman says … “It is what it is.”
The judge has given Birdman 30 days to find the financial records they kept poor track of.