The entire world knows that it was Jas Prince who “discovered” Drake, linking the Toronto rapper with Young Money, and the rest is history. However, Prince still hasn’t received his proper finder’s fee and is now going after the middleman, Aspire Music.
Jas Prince is going after Derrick Lawrence, who co-owns Aspire Music. According to the suit, Prince has a very specific contract regarding his finder’s fee for Drake. Here’s how it works: Young Money pays Aspire 1/3 of its Drake profits, then Aspire keeps 1/3, and gives the other two-thirds to Prince.
In the suit, Prince says the problem is Young Money hasn’t paid Aspire, so he’s getting zippo — and he’s wondering why Lawrence isn’t suing to get the money. JP points out the contract requires Aspire to use “best efforts” to get the funds.
Sources connected to Prince’s company say they think something fishy’s going on at Aspire — that it’s possibly struck a side deal with Young Money, and cut JP out of the equation.
Lawrence tells us there’s no side deal, and Aspire’s received zero Drake profits from Young Money.
Let’s not forget the common denominator here—Cash Money (which own Young Money) not paying what is owed. Sound familiar?
Late last year, Prince sued Cash Money for $11M over Drake royalties. Shortly thereafter a settlement was reportedly reached. Guess that didn’t really happen.
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