As of Thursday morning, Lil Wayne has reached a settlement against Cash Money Records co-founder, Birdman. According to court documents, Universal reportedly cut a huge check to the Young Money boss in order to settle the longstanding lawsuit. The Blast reports that the amount is “well over $10 million.”
“Weezy originally sued Birdman’s label, Cash Money Records, to have his record deal voided,” writes The Blast. “He accused the label of owing him tens of millions of dollars, including an $8 million advance for Tha Carter V, plus $2 million once the album was finished.”
This means that Wayne is now completely free to put out music, meaning that Tha Carter V can now be released through Universal.