3-Be Wary of Multi-Label Deals
Young Money is under Cash Money, which is under UMG, which is a subsidiary of Vivendi. That means that there’s a line of people touching Wayne’s money before he does. It also means that his artists’ money is also tied up under layers of labels. Young Money and Cash Money came to an agreement that net profits earned by solo artists like Nicki Minaj and Drake would not be used to fulfill debts and advances previously accumulated by Cash Money. Still, UMG took Young Money’s profits to pay Cash Money’s debts. In the lawsuit aimed at UMG, Wayne claims that the two labels “colluded” to “expand Universal’s rights and compensation regarding the distribution and exploitation of Drake recordings.” Everbody’s all tied up.
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