Lil Wayne and Young Money Records have been instructed to pay producer David Banner $164,303 in owed royalties. The songs that the rapper owed money for dated back to 2009.
Banner has also recently been working with Ludacris, Ne-Yo and Jill Scott
In an effort to collect the royalties owed, Banner sued the rapper’s label Young Money Records. The songs in question are “Pussy Monster” and “La La La” from Tha Carter III, released in 2008 and “Streets Is Waiting,” from the Young Money Records’ We Are Young Money compilation, released in 2009.
A New York court favored Banner in the decision, following a judge’s ruling that the label had been errant in responding to the court’s requests for more information according to NME.
The case brought forth by Banner is not the only dispute over royalties that Wayne has been a part of in recent memory. The rapper is also suing Bryan ‘Birdman’ Williams, a former producer and mentor, because he claims that Williams is holding on to the $51 million he is owed for the unreleased 2015 album, Tha Carter V.
Williams label Cash Money Records is now be compelled to open its accounting books to inform on how a hefty advance from Cash Money and parent group of Young Money, Universal Records was spent.
Wayne and his legal team have accused Birdman of spending almost $70 million of the $100 million advance from Universal Music Group as part of a distribution deal. The $70 million that Birdman allegedly spent would directly violate the terms of a signed agreement when the label was formed.
The agreement stated that all revenues would be split 51-49 percent in favor of Wayne’s label. By taking such a large percentage of the Universal Music advance, Birdman would have been violating their contract.
Legal documents obtained by TMZ report that Wayne is claiming that Birman admitted to taking the extra cash. He is alleging that Birdman spent the advance on royalties, recording expenses and marketing.
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