Coming for Cash Money
It seems like everything prior to Drake’s signing with Cash Money is all jumbled up into a “Degrassi” phase, everything else is forgotten. Case in point: Did you know that before Drake was signed to Cash Money, he was signed to Aspire Music Group? I’ll tell you who most definitely knew: Aspire Music Group.
The American record label was founded in 2008, signed Drake in 2008, and since 2008 … has signed no one else. Money-making Drizzy is the only artist on the label’s roster. (Yea, it’s suspect to us, too.)
The label is pretty low-key (and only has one artist). It’s no sweat if you didn’t know about Aspire; you’re about to learn about it now because the label is suing Cash Money over back royalty payments for Drake’s first six albums.
Aspire Music Group is claiming that they signed the superstar rapper back in 2008; they’re also claiming to have worked out a deal for royalties on all of his future albums with Cash Money.
Aspire says that at the time, the contract was written to allow Drake to make music for Cash Money, but in return they would receive a third of the profits from the albums.
The complaint that was filed accuses Cash Money of trying to get Drake to break his “exclusive artist” agreement with Aspire and encouraging him to sign a competing agreement with Cash Money.
Apparently, a lot of the royalty money wasn’t actually being sent. The label claims that because of this, they’ve missed out on over $10 million.
Chunk of Change
If these claims are found to be true, Cash Money could owe Aspire Music Group millions and millions of dollars. That’s a huge loss for Cash Money, but because Drake and the label are on bad terms, he probably won’t be inclined to help out.
Birdman, one of the co-owners of Cash Money, has a lot on his plate when dealing with his former artist, Drizzy.