![]() The success of 400 Degreez solidified Cash Money as a powerhouse label in the national Hip-Hop scene. The album peaked at number 9 on the Billboard Top 200 and would ultimately go on to sell over five million copies worldwide. ![]() They deserve it." Cash Money's first success under Universal was Juvenile's November 1998 release, 400 Degreez. Dino Delvaille, who orchestrated the deal, later told HitQuarters: "I made certain they retained (the rights) of their work. After recouping, Universal Records would retain 15% of profits from album sales, while Cash Money retained 85% as well as 50% of their publishing royalties and ownership of all master recordings. Under the terms of the deal, the Williams were given a $2 million advance each year and a credit of $1.5 million for each of the up to six artists that they had at the time. 1998-2000 Universal Records deal Ĭash Money signed a three-year $30 million distribution deal with Universal Records in March 1998. and Juvenile in particular, caught the attention of Universal Records executives. Cash Money's big break came in 1998 when the Hot Boys, B.G. Shortly before the Hot Boys took off, Bulletproof left the group and was later killed in 2002. After the passing of his father, Lil Wayne joined the group and they became known as the Hot Boys. In May 1997, Birdman organized a rap group that included Juvenile, B.G., Turk and Bulletproof. At this time, Turk and another local rapper by the name of Bulletproof (aka Lil Derrick) joined the roster. Starting in 1996, Cash Money signed a slew of new artists such as Lil Wayne, B.G., Juvenile, who already had a buzz in the streets in the mid-1990s, was also signed. Later, UMG acquired a portion of Cash Money Records, making it a UMG subsidiary. Wendy Day negotiated the deal between Cash Money and Universal Music Group's Universal Records (now Republic Records), which became an 70%-30% distribution deal. ![]() īryan "Birdman" Williams (pictured) founded Cash Money Records in 1991 with his brother Ronald "Slim" Williams.Īlong the way he met a lot of influential people on the road with the Hot Boys. The label's name is an allusion to the 1991 cult movie New Jack City. Īrtists signed to Cash Money Records have achieved a combined 12 number one albums on the Billboard 200 chart and 7 number one singles on the Billboard Hot 100 chart ( Juvenile's " Slow Motion", Lil Wayne's " Lollipop", Jay Sean's " Down" and Drake's " One Dance", " God's Plan", " Nice for What", " In My Feelings", and Nicki Minaj's " Super Freaky Girl".) The label has been home to a roster of mostly hip hop artists, including Juvenile, Lil Wayne, Drake, and Nicki Minaj, and is regarded as the most successful in hip-hop history. The label is distributed by Republic, which used to be Universal Republic. Cash Money Records is an American record label founded in 1991 by brothers Ronald "Slim" Williams and Bryan "Birdman" Williams. ![]()
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