Jas Prince Loses $4M Cash Money Lawsuit Over Drake Royalties
A federal court judge presiding over Jas Prince’s lawsuit against Cash Money has dismissed the case, as shown in documents obtained by the Jasmine Brand.
Last year, Jas Prince filed a lawsuit claiming that back in 2007 his company, Young Empire Music Group, originally discovered Drake and would eventually sign him to Aspire Music Group.
When Cash Money approached them with the desire to sign Drake, Jas Prince agreed, but with the stipulation that 22% of all Drake’s advances, net profits and other advances would be paid to Prince and to his company.
However, back in November of 2013 he realized that he was still owed $5M, and after confronting Cash Money he was only paid one million dollars. After that initial payment, Prince claims he never received any further financial compensation, and he filed suit seeking the remaining $4M balance … click here for more details.
Written by LBeasley (Lauren Beasley), Digital Producer of The Morning Heat and Sports Editor of Radio One Detroit
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