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By Damilola Faustino

Lil Wayne can finally release ‘Tha Carter V’ album after settling lawsuits with Cash Money Records and Universal Music Group.

lil wayne

The rapper has been involved in legal proceedings with the two record labels since 2015, delaying the release of the long-awaited album.

Wayne’s 2015 suit against Cash Money, owners Birdman and Ronald ‘Slim’ Williams, UMG Recordings, and Universal Music Group claimed the labels did not pay him an $8 million advance or a $2 million completion fee.

According to report, Universal paid “well over $10 million” to settle the complaint, which was reportedly dismissed out of court.

The settling of the suit means Wayne can now release ‘Tha Carter V’ and, it’s claimed, Universal are set to do just that.

A second suit against Universal Music Group and SoundExchange dating from 2016 has also been settled. In it, the rapper sought at least $40 million in damages, claiming the label had withheld profits he had earned from Young Money artists, like Drake, Nicki Minaj, and Tyga.

‘Tha Carter V’, Lil Wayne’s 12th studio album, was recorded between 2013 and 2014. The rapper has long said in interviews it would be his last solo album. Its release has been delayed several times.

Read also: Lil Wayne Drops ‘Dedication 6’ Mixtape

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