Rapper Lil Wayne Has Signed A New Music Royalties Deal With Executives At Kobalt Neighbouring Rights As He Continues To Battle Bosses At Cash Money Records For The Termination Of His Contract.
The Lollipop hitmaker launched legal action against label bosses Bryan 'birdman' Williams and Ronald 'Slim' Williams in January (15), amid accusations they have withheld millions allegedly owed to the hip-hop star for his long-delayed album, Tha Carter V.
Last week (ends07Jun15), the 32 year old joined Jay Z's Tidal music service as an artist owner and now he seems to be taking his separation from Cash Money Records one step further with his new royalties deal.
As part of the new agreement, bosses at Kobalt will handle Wayne's global royalty revenue, according to AllHipHop.com.
He joins stars like Ariana Grande, Bruno Mars, Sam Smith and Calvin Harris among the company's new clients.
Ann Tausis, Managing Director of Kobalt Neighbouring Rights, says, "We are thrilled to add such an exceptional list of talented artists to the Kobalt Neighbouring Rights division.
"Our goal from the beginning has been to offer trust and transparency to our clients, and the word is spreading! I could not be more pleased with the inroads we are making, helping creators maximise their earnings from current and previous performances on a global scale."