Cash Money Records’ shady financial dealings are well-documented, with artists like Mannie Fresh, Bangladesh, Jim Jonson and many others expressing anger over how the label handles its accounting.
A new story, perhaps trumping all the others, has cropped up in that regard. Wendy Day, the founder of the Rap Coalition and the woman responsible for getting Bryan “Birdman” Williams and Ronald “Slim” Williams their deal with Universal Music Group.
“Wendy Day ended up being very instrumental in huge huge deals that changed that balance of power in the music industry between the artist and the record company,” Dan Charnas, author of the upcoming book The Big Payback, explains.
“Master P’s deal for No Limit with Priority…she was instrumental in sheparding Eminem into the arms of Dr. Dre. But the biggest deal she ever did was Cash Money’s deal with Universal Music.”
“Wendy hadn’t asked for money for any money until this point, but she was broke, and decided that she needed to start asking for a finder’s fee, which was five percent at the time – reasonable, the same thing that a lawyer would charge,” continued Charnas.
“The problem was, when Cash Money got their money, they didn’t pay Wendy Day. A short time later, two gunmen show up in the offices of …the lawyers for both Wendy Day and Cash Money, saying, ‘Somebody didn’t get paid. Somebody better get paid.'”
“Wendy Day says it wasn’t her, and at least one of her lawyers actually believes her.”
How you expect that Mush-mouth, Tatoo headed Billionaire who’s too cheap to pay his own Artists to pay some Fat white Lady??
Shoulda got it in writing, stupid ass bitch
It’ll be in writing, just Cash Money will find it’s been ‘lost’ if it ever gets to court
millions dude he aint that rich and wont be if they keep getting sued and not paying people new version of suge knight i dont know why people sign with them “drake”
Cash Money Records owns 85% of their royalties.
THEY PAY THE LABEL, NOT THE OTHER WAY AROUND.
CASH MONEY RECORDS IS $600 MILLION STRONG!!
NO 360 DEALS WITH UNIVERSAL MOTOWN EITHER.
Some sad shit, how u raking in millions and you can’t pay the people that were instrumental in beginning it all 5% of the first deal?
Wendy Day’s has done more for Hip-Hop artist then any record label has ever done. She skilled these artist to the business side of things. But a sucka is born every day. These fools are signing 360 deals now a days, LMAO people will sale their first born for a little fame.
That’s real talk.
*Schooled
Old news.
no surprise here. this nigga baby been known to stiff producers too. fucking Bangledesh and Mannie Fresh have been stiffed by these niggas too. oh yeah Juve and BG been talkin bout them shady dealings for years. I dont know how after artists here these stories they still sign to Cash Money.
b.g is back with CMR
JUVIE got his money and the money for next hot boy cd
mannie got his money also
bang got paid thats why we now have 6″7
turk going back to CMR when he got if he get out
that money she want done been flip spent and made again (old news)
dirty mother fuckasss!!!
Check this out!! http://www.youtube.com/watch?v=WxEtfs36qpg
seriously? i know the label has been shady but you bringing this up now??? after almost 20yrs??? come on be real. if you just addressing this now its about publicity point black. she should’ve file this shyt back in 2000…