Drake was introduced to Lil Wayne & manager Cortez Bryant by Jas Prince in in 2008, after discovering his music on myspace. During the introduction, a verbal agreement was made with Prince to pay a percentage of profits earned, according to documents filed in the New York State Supreme Court.
In the papers, Prince claims that Bryant verbally agreed to “use their experience, influence, and relationships to persuade Drake into entering an exclusive recording agreement and an exclusive management agreement with the two of them and Bryant, and was to use his influence to compel Lil’ Wayne to sign and promote Drake to and through Lil’ Wayne’s record company YME, once Drake signed the agreements.”
Back in 2010, Drake made it public knowledge that Jas was solely responsible for meeting Lil Wayne while on stage at a concert in Houston, just before giving him keys to a brand new Lamborghini as a token of his appreciation.
In addition to Prince’s relationship with Lil Wayne, his father, J. Prince, also had strong ties with the Cash Money records label. With these ties, an agreement was made that the distributor of Young Money would “consult with them and take the lead on their business dealings with YME and CMR.”
Since the original agreement was made, Bryant signed Drake to an exclusive management contract with Aspire later in 2008. According to Prince, Bryant still pledged to honor the original agreement with Jas which lasts through 2013.
According to the court documents, Prince is looking for all contract negotiations with Drake to cease until he is compensated on their previously agreed terms.
Keep It Trill will bring you more details as this exclusive story develops.
No comments:
Post a Comment