Lil Wayne Sued Over Young Money’s Website

By: Jodi Phillips

Lil Wayne‘s label could lose a huge asset in promoting its Young Money Entertainment’s artists, according to a new lawsuit.

When Weezy kicked off his label in 2011, it bought the http://www.youngmoney.com website from an organization that helped young entrepreneurs manage and make money.  The transaction cost Lil Wayne’s company $600,000.

But, there were stipulations to the purchase.  If Young Money didn’t pay the entire $600,000 in full, the website would forfeit to its original owner.  As of publication, Young Money owes $250,000 and has failed to pay up the past three years.

The lawsuit, filed by the original owner, is asking for the domain back since the transaction was never completed.

Young Money Entertainment is the powerhouse behind acts like Drake, Christina Milian, Nicki Minaj, Tyga, Mack Maine and more.

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