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Home EDM News

Cash Money Sues Tidal For $50 Million, Could Be Final Nail In Its Coffin

by Nick Ward
July 16, 2015
in EDM News
Cash Money Sues Tidal For $50 Million, Could Be Final Nail In Its Coffin

NEW YORK, NY - MARCH 30: (L-R) Usher, Rihanna, Nicki Minaj, Madonna, Deadmau5, Kanye West, JAY Z, and J. Cole onstage at the Tidal launch event #TIDALforALL at Skylight at Moynihan Station on March 30, 2015 in New York City. (Photo by Jamie McCarthy/Getty Images for Roc Nation)

It seems that TIDAL just can’t catch a break. Cash Money, the label behind Lil Wayne, has filed a lawsuit for $50 million against TIDAL, reports Billboard. The lawsuit follows the TIDAL exclusive launch of Lil Wayne’s latest album, FWA (Free Weezy Album), which apparently still belongs to the Cash Money label.

The TIDAL lawsuit follows an early scuff between Lil Wayne and his label, as he has already tried to break away from Cash Money. Now Cash Money is going after TIDAL claiming that Lil Wayne does not have the rights to exclusively release his music through the platform.

TIDAL claims Lil Wayne’s contract with Cash Money is not exclusive and that he signed over the rights to the album to the streaming service. Cash Money states that Wayne does not have the power to license his music to anyone in the lawsuit, quoting his contract.

Cash Money is also suing for damages, claiming that the release of the FWA album through TIDAL will impact future efforts to market and sell Lil Wayne’s music.

Regardless of the outcome, the pending lawsuit is a huge road block to the music platform trying to break into the over saturated market. If they lose the lawsuit, it could spell the end of TIDAL.

You can read the full report on Billboard.

Tags: 50 MillionCash MoneylawsuitLil Waynetidal
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Managing Partner of Your EDM and proud Seattleite! Follow me on twitter: @NickWard20

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