As part of a new cover story with Billboard, it has been revealed that Lil Wayne is now the sole owner of Young Money. During the feature, Weezy revealed some of the details behind his legal battle with Birdman. One of the main issues stemmed from Young Money remaining a subsidiary of Birdman's Cash Money imprint. But Wayne's initial 51-49 joint venture is now solely under his control after a June 7th ruling saw both sides settle for an undisclosed amount. It's important to note, both sides retained the stakes in the deals made prior to the settlement.
The move will allow Wayne to release Tha Carter 5 after much anticipation and will come out under Republic Records. This marks Weezy's first album not to drop on the Cash Money imprint. According to Wayne's attorney and manager Ron Sweeney, "There’s no hard feelings or animosity. This is business, and we finally got our business straight." Sweeney also added that Birdman and Wayne talk on a daily basis but said Weezy is far less trustful as he once was.
Source: Billboard
