Aspire Music Group, a management company that claims it discovered and signed Drake to an early exclusive recording deal, has filed a lawsuit against Cash Money. The suit is the latest in a series of several concerning profits from Drake's music released on the label.
Pitchfork obtained a copy of the complaint filed by Aspire today, which alleges a breach of contract on the part of Cash Money, claiming the two companies signed a deal in 2009 that entitles them to a 33% share of the profits generated by Drake's music.
According to Pitchfork, the lawsuit is connected to multiple other previous suits, the most notable of which was filed in 2012 by James "Jas" Prince, who claims that Aspire cut him out of profits he was entitled to based on the earlier "exclusive" deal with Drake.
Based on his initial stake, Prince argues, he's entitled to 22% of Aspire's one-third share of the Drake profits brought in by Cash Money. Prince also apparently filed a second, separate suit against Aspire's co-owner, Derrick Lawrence, and his company, On The Road.
If the picture still seems a little fuzzy, head over to Pitchfork for the full story.
