(HNHH) – Jas Prince settles with Cash Money in case involving $11 million in Drake royalties.
Earlier this month, it was reported that Jas Prince, the son of Rap-A-Lot CEO James Prince, and the man who introduced Drake to Lil Wayne, was demanding that Cash Money Records pay him $11 million in royalties earned off the “Hotline Bling” star. According to The Jasmine Brand, Prince has now settled with the label for an undisclosed amount.
In 2007, Prince signed Drake to Aspire Music Group, partly owned by Lil Wayne’s manager, Cortez Bryant. Soon after, Cash Money apparently agreed to pay Prince 22% of whatever money Cash Money earned off Drake in advances and net profits. In court a few weeks ago, Prince claimed that said percentage amounts to $11 million.
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