It looks like Cash Money is about to pay somebody. Although the payout isn't necessarily coming directly from Birdman's pocket
According to the Jasmine Brand, Jas Prince will settle his lawsuit with CM and Aspire over Drake's royalties.
The son of Rap-A-Lot Records CEO J. Prince has argued in court that he was entitled to 22 percent of all of Drake's royalties for bringing Drizzy from his then-record label Aspire to Cash Money in 2008. He initially claimed he was owed $4 million dollars for Drake, and then upped that figure to $11 million in more recent filings.
Complicating the case is that Prince is no longer with Aspire, but had paperwork proving he still gets the Drake royalties he negotiated while at the label. According to Prince, Aspire was conspiring with Cash Money not to collect the royalties since they would just have to hand them to him.
Last week, Prince told a Federal Court judge that he had reached a preliminary arrangement to get paid by Aspire. He said his case against Aspire and Cash Money will be over once the deal is finalized.
While the financial terms of the settlement haven't been disclosed, we figure it's closer to $4 million than $11 million.