I’m not sure why these entertainers don’t follow through on the contracts they create/sign but one way or another, the truth always comes to light and the consequences will be dished out accordingly. ‘Tis true in the case of Jas Prince who once sued Cash Money Records for unpaid royalties for discovering Canadian rapper Drake. In case the prior details are fuzzy to you, I have the recap down below:
Last year Jas Prince filed a federal lawsuit against Cash Money Records accusing them of screwing him out of millions. He explained that back in 2007, he discovered Drake and signed him to Aspire Music Group. Then Cash Money approached them and they wanted to sign Drake — but to do so they had to agree to pay 22%of all Drake’s advances, net profits and other advances to Jas Prince & Aspire.
Jas claimed Cash Money owed him four million dollars and he filed suit for breach of contract. Lil Wayne’s label fired back claiming they never had a deal with Jas and the contract was signed by Aspire – and that’s who they paid monies to; NOT Jas. Jas also filed suit in a New York court against Lil Wayne‘s manager Cortez Bryant, who is an executive of Aspire, claiming that he screwed him over on the deal they signed with Cash Money to bring them Drake.
However, Bryant fired back at Jas Prince’s claims explaining that Aspire had been attempting to audit the records of Cash Money to see how much they have made from Drake’s royalties and how much they were owed because they believed they hadn’t been paid all that they were due.
Bryant claimed that Jas had been paid his percentage from all money they received from Cash Money. However, he says that it hasn’t been much because Cash Money hasn’t paid them what’s due. Bryant stated that Aspire is owed millions of dollars from Drake’s music royalties.
On October 6th, Jas Prince returned to court explaining he feared the money he was owed would never be seen if the court didn’t take action immediately. Prince explained that per the deal he signed with Aspire, he was owed his commission on Drake’s music, which he now claimed came out to a total of 11 million dollars.
He said Aspire and Cortez Bryant were refusing to collect on the money owed to Jas against Cash Money. Jas Pince believed this was due to their friendship with Lil Wayne and Cash Money/Young Money. Therefore, he demanded the court appoint a temporary receiver to sue Cash Money for him since he cannot sue them per his deal with Aspire.
Written By: Monique C. Tillman