Wednesday, August 01, 2012

Drake Not Receiving Royalties?


Jas Prince, the guy credited with discovering Drake the rapper not the actor, is suing Drake's management claiming he hasn't been properly paid for his find and that Drake himself is on the verge of firing them because he hasn't gotten paid either...

From The New York Daily News
Prince's attorney, James McMillan, said his client hasn't received a nickel in more than a year even though Drake's albums have generated millions of dollars in sales. He is asking the court to appoint a receiver.
In his papers, Prince said Drake himself is being cheated by his managers and is "on the brink" of suing Aspire and Bryant, who also manages Lil Wayne and Kanye West. He attached an April 2012 letter from Drake's lawyer, Robert Meloni, to Aspire which terminates Drake’s exclusive contract with Aspire.
In that letter, Meloni says that Drake's royalty account got nothing though his worldwide sales "are in excess of five million units." He said Drake had received "inexcusably delayed, incomplete, confusing and misleading" statements listing what he was owed.