Over the last couple weeks, there have been stories about Cash Money head Bryan 'Birdman' Williams not paying the label's producers and the contractors who worked on his Miami Estate.
In an interview with Nah Right, industry insider Wendy Day talks about how she helped broker Cash Money's $30 million distribution contract with Universal. She wasn't properly compensated for her role in the historic deal, which enraged her friend, the rapper Freddie Foxxx. So much so that Foxxx grabbed Birdman as he left the Hot 97 studios in New York, put a gun to his head, and made him call Day to apologize.
Day got her sorry, but getting her money was a different matter. Birdman revealed to Day that the only way she was going to collect the cash he owed her was through the legal system.
"[Birdman] said to me, ‘Sue me, when I have to pay you, you’ll get paid.’ He said it very nonchalantly and very matter-of-factly, and as time wore on I saw that he didn't pay anybody,” added Day. "He didn't pay the t-shirt manufacturers, he didn't pay the Fruit of Islam for security, he didn't pay security guards for security, he didn't pay his staff, he didn't pay his office rent. They didn't pay anybody."Once Day did sue Cash Money they paid her what they owed her.
This seems a dubious financial strategy, even if you have all your lawyers on retainer. But we guess it's been working for Cash Money so far. The question is will it keep working.