Teen Group Sues Young Money Entertainment:
Young Money doesn’t pay young money — at least according to teen boy rap group W3 The Future, who claims the record label unceremoniously dumped them without making good on their contract.
We know most of you are saying W3 The Future, who?
Yeah they’re the teen rap duo that CelebNMusic247.com has learned via 4UMF.com who is getting the good ole boot from Young Money Entertainment.
The group’s production company Grassroots Productions sued Young Money Entertainment and Cash Money Records, claiming it signed a record deal last May in which Cash Money promised $600,000 to cover both the group’s advance … as well as the recording budget for their first album.
Grassroots claims YME and CMR paid the initial recording fees but ultimately failed to pay the bulk of the $600,000 … even after W3 The Future delivered their album months later as promised.
Grassroots says CMR simply told them, “Cash Money is not moving forward with this project.” And that was that.
Basically Young Money only pays Young if you making money for the label, we guess you weren’t! Sorry to hear that.
Tough love guys, but that’s show business.
Hopefully you’ll land on your feet at a label that deals with boy groups….maybe Disney is looking for a group like yours because we get why YMCMB dropped you…
#CelebsAreCoolRight
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