Lil Wayne has signed with Kobalt Neighbouring Rights to collect global royalties on his behalf, according to AllHipHop.
Kobalt’s client roster includes Kid Cudi, Ariana Grande, Bruno Mars, Sam Smith, Calvin Harris, Busta Rhymes, Noah “40” Shebib and DJ Premier, as well as over 8,000 artists and songwriters.
On its website, KNR boasts that they “collect up to 20–30% more revenue for artists and writers.” They do this with the help of a tracking system, they say. “Kobalt’s powerful tracking system compares collection against detailed in-house expectations to ensure all income is correctly accounted,” the site explains. “Kobalt develops these detailed expectations from 3rd party performance data, Territory expectations from Kobalt’s pre-distribution health check, as well as from the client’s income data. Combining these three data sources allows us to monitor collection and ensures all income is received.”
Just a recap .. Lil Wayne filed a $51 million lawsuit against Birdman and Cash Money for unpaid royalties and an advance on his Carter V album. Weezy previously stated that he would stay with the label if they pay $10 million for his work on his unreleased LP. However Baby has no moves to pay up.
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