Young Money Records Sued By Teenybopper Rap Group
Cash Money Records has been known to have scrupulous business practices as well as a consistent habit of not releasing albums from their artists. Teenage rap group W3 The Future is learning this all too well after a record deal they signed in May 2013 has landed them on the proverbial career treadmill.
Young Money doesn’t pay young money — at least according to teen boy rap group W3 The Future, who claims the record label unceremoniously dumped them without making good on their contract.
The group’s production company Grassroots Productions sued Young Money Entertainment and Cash Money Records, claiming it signed a record deal last May in which Cash Money promised $600,000 to cover both the group’s advance … as well as the recording budget for their first album.
Grassroots claims YME and CMR paid the initial recording fees but ultimately failed to pay the bulk of the $600,000 … even after W3 The Future delivered their album months later as promised.
Grassroots says CMR simply told them, “Cash Money is not moving forward with this project.” And that was that.
Which is professional lawyer talk for saying “your sh*t is wack and we don’t want anything to do with you anymore.”
Cold (rap) game.