Jas Prince launches new lawsuit in Drake royalties battle
Producer Jas Prince has launched a new lawsuit in his ongoing dispute over Drake's music royalties.
The hitmaker has been fighting for his cut of profits since 2014, when he took bosses at Bryan 'Birdman' Williams' label, Cash Money Records, to court.
He claimed he had discovered Drake and helped the Started from the
Bottom star land a rapping and songwriting licensing deal with
officials at Aspire Music Group. As part of the agreement, Prince
alleged he would receive a portion of profits and advances
generated by Drake's recordings.
Drake went on to sign a joint contract with Cash Money and Lil
Wayne's subsidiary label, Young Money Entertainment, in 2009, but
in 2013, Prince claimed he had not been receiving his cut, which
allegedly amounted to $5 million .
He received an initial payment of $1 million , but the balance
never arrived and he pursued court action with a breach of contract
lawsuit. The suit was later dismissed and in October (15), it
emerged the two parties had reached an undisclosed settlement.
Despite the agreement, it's been revealed Prince is still fighting
for his fair share and is now going after Aspire co-owner Derrick
Lawrence for payment.
According to TMZ.com, Prince and Lawrence have an agreement in
place with Young Money, whereby executives hand over a third of the
profits from Drake's music. The funds are then split again, with
Aspire taking a third of the payout, and handing Jas Prince the
rest.
However, he alleges Young Money officials have failed to pay up,
and in the new suit, he accuses Lawrence of failing to pro-actively
pursue payment, breaching a "best efforts" clause in their contract
to ensure all parties receive the proper compensation. It is
unclear how much Jas is seeking in the latest court battle.