Lil Wayne is Dissolving Young Money Records?

According to Hot New Hip-Hop:

Lil Wayne allegedly wants the termination of Young Money as a joint venture with Cash Money.

There was a time when Young Money, as a collective, had a major influence on hip hop's landscape. When Drake and Nicki Minaj were just starting to blossom into their careers, Weezy's Young Money imprint was the label that nurtured them into being the superstars they are today. Sadly, it seems that Lil Wayne want to shut down shop.

Lil Wayne is allegedly trying to take the Young Money imprint off of Cash Money, according to reports from The Blast. The feud he's been having with Birdman seems to have trickled down to his own imprint. The report says that Lil Wayne is sick of Birdman cashing in on his hard work and either wants the music label to be dealt with properly or dissolved from the Cash Money imprint. Wayne reportedly said he feels he's brought an enormous amount of talent to the company, especially with Drake and Nicki Minaj, but says he was bamboozled by Birdman.

In documents that Wayne allegedly filed, he's asking the court to "appoint a receiver to supervise the operations of Young Money Label joint venture or order the termination of Young Money Label joint venture and appoint a liquidator." 

It would be the end of an era if Young Money ends up terminated as a company. It initially started as a joint venture between Wayne and Cash Money back in 2003.

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