AceShowbiz –Tyga has been accused of owing former label Cash Money a significant amount of money from record advances.
According to court documents obtained by The Blast, the label has finally revealed its defence to the case filed by the 29-year-old in August (18). In the suit, the “Rack City” hitmaker claimed the label failed to pay him royalties for the albums “Careless World” and “Hotel California” after they parted ways in 2016.
However, Cash Money co-founder Birdman, 49, has responded to the $10 million (£7.8 million) lawsuit filed against his company for breach of contract, claiming the rapper is the one who owes them money, not the other way around.
Cash Money previously denied all allegations of wrongdoing, demanding the lawsuit be dismissed and Tyga be ordered to pay their legal bills.
The label has now written a formal response, claiming that revenue generated from the Dip rapper’s releases did not surpass sums paid to him in advances.
“There are no royalties due and payable to Plaintiff under the referenced 2016 Release and Termination Agreement or otherwise,” Cash Money responded. “While revenue has been generated from the exploitation of Plaintiff’s recordings, Plaintiff was paid advances against royalties owed and numerous recoupable expenses have been incurred.”
The company subsequently provided Tyga access to their account system in November (18) in a bid to prove their defence.
“Plaintiff’s royalty account is significantly unrecouped,” they said. “Plaintiff has been provided access to a royalty accounting system and the data in that system reflects Plaintiff’s unrecouped status.”
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