
Cash Money Records is owned by its founders, Bryan "Birdman" Williams and Ronald "Slim" Williams, who established the label in 1991 in New Orleans. The label operates under a distribution partnership with Republic Records, a subsidiary of Universal Music Group (Euronext Amsterdam: UMG). Cash Money is not a wholly-owned subsidiary of UMG. The Williams brothers retained ownership through their 1998 distribution deal with Universal.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Cash Money Records | Universal Music Group | Private |
Cash Money Records was founded in 1991 by brothers Bryan "Birdman" Williams and Ronald "Slim" Williams in New Orleans, Louisiana. The brothers started the label with money earned from local business ventures. Their early releases featured New Orleans bounce and Southern rap artists, distributed locally through independent channels.
Throughout the mid-1990s, Cash Money built a roster that included Juvenile, B.G., Turk, and Lil Wayne. The Hot Boys, a group consisting of Juvenile, B.G., Turk, and Lil Wayne, became the label's breakout act. Juvenile's 1998 album "400 Degreez" sold over 4 million copies and put Cash Money on the national map. The album's success, driven by the single "Back That Azz Up," attracted attention from major labels.
In 1998, Cash Money signed a distribution deal with Universal Records. The deal was reportedly worth $30 million and gave Universal distribution rights to Cash Money's catalog. The Williams brothers retained ownership of the label. Under the Universal deal, Cash Money releases were distributed through Universal's Republic Records division.
Lil Wayne emerged as the label's biggest star in the 2000s. His 2008 album "Tha Carter III" sold over 3 million copies in the United States and won the Grammy Award for Best Rap Album. Wayne founded Young Money Entertainment as an imprint of Cash Money in 2005. Young Money signed Drake and Nicki Minaj, both of whom became global superstars.
The relationship between Cash Money and its distribution partners has evolved over time. Young Money operated as a joint imprint of Cash Money and Republic Records. After Lil Wayne's legal dispute with Cash Money was settled in 2018, Young Money's relationship with the labels was restructured. Drake and Nicki Minaj's subsequent releases have been distributed through Republic Records and OVO Sound (Drake's label) rather than Cash Money directly.
Cash Money Records continues to operate as an independent label under the Williams brothers' ownership, with distribution through Republic Records.
What does Universal Music Group own?
Universal Music Group owns a portfolio of record labels including Republic Records, Interscope Records, Capitol Music Group, Def Jam Recordings, Island Records, Motown Records, Geffen Records, Virgin Music, Polydor Records, and Decca Records, among many others. The company also owns Universal Music Publishing Group, one of the world's largest music publishers, and Bravado, an artist merchandising business.
Is Universal Music Group publicly traded?
Yes, Universal Music Group N.V. is listed on Euronext Amsterdam under ticker UMG. The company was spun off from Vivendi and listed in September 2021. Major shareholders include Tencent Holdings (approximately 20%), Pershing Square Holdings (approximately 10%), and Vivendi (a reduced stake). The remaining shares are held by institutional investors and public shareholders.
Who founded Universal Music Group?
Universal Music Group in its current form was created through the 1998 merger of Universal Music Group (owned by Seagram) and PolyGram (owned by Philips). The predecessor companies trace their origins to Decca Records (1929), MCA Music (1962), and PolyGram (formed in the 1960s and 1970s). Vivendi acquired UMG through its 2000 acquisition of Seagram and retained ownership until the 2021 Euronext listing. Sir Lucian Grainge has served as Chairman and CEO since 2011.
Where is Universal Music Group headquartered?
Universal Music Group is headquartered in Hilversum, Netherlands, as its registered corporate headquarters, with major operational headquarters in Santa Monica, California, USA. The company also has significant operations in London, Paris, Berlin, Tokyo, and other major music markets worldwide.
How many record labels does Universal Music Group own?
Universal Music Group owns dozens of record labels across all genres of music. The major labels include Republic Records, Interscope Records, Capitol Music Group, Def Jam Recordings, Island Records, Motown Records, Geffen Records, Virgin Music, Polydor Records, and Decca Records. Each major label typically operates several sub-labels and imprints. UMG also provides distribution services to independent labels through its distribution network.
Who owns Universal Music Group?
Universal Music Group N.V. is publicly traded on Euronext Amsterdam. Major shareholders include Tencent Holdings (approximately 20%) and Pershing Square Holdings (approximately 10%). Vivendi's stake was significantly reduced following the 2021 spin-off. Sir Lucian Grainge serves as Chairman and CEO. The remaining shares are held by institutional investors and public shareholders worldwide.
As a privately owned label, Cash Money Records does not publish independent sustainability reports. Its distribution partner, Universal Music Group, operates corporate sustainability initiatives that apply to the manufacturing and distribution of Cash Money releases.
UMG Environmental Initiatives: Universal Music Group has set science-based emissions reduction targets validated by the Science Based Targets initiative. UMG's environmental policy covers manufacturing, logistics, and merchandise production through its Bravado merchandising arm. Physical products distributed through Republic Records, including Cash Money releases, are subject to UMG's Supplier Social Responsibility Policy.
Community Engagement: Cash Money Records maintains connections to New Orleans through community initiatives. The Williams brothers have supported local music education programs and youth development in the city. Birdman has participated in charity events and community outreach in New Orleans neighborhoods.
Artist Compensation Practices: Cash Money Records has faced public criticism over artist compensation, most notably from Lil Wayne's 2015 lawsuit alleging unpaid royalties. The settlement of that dispute in 2018 led to changes in how Young Money Entertainment operated. The label's history of financial disputes with artists is addressed in the Recalls & Controversies section below.
Cash Money Records' artists and releases have achieved verifiable commercial and critical success. The following are confirmed through Billboard chart records, RIAA certifications, and Grammy Award records:
Billboard Chart Success: Cash Money Records releases have reached number one on the Billboard 200 chart multiple times. Lil Wayne's "Tha Carter III" (2008) and "Tha Carter IV" (2011) both debuted at number one. Drake's releases through the Young Money/Cash Money/Republic partnership, including "Scorpion" (2018) and "Certified Lover Boy" (2021), also reached number one. Lil Wayne's "Lollipop" reached number one on the Billboard Hot 100 in 2008.
Grammy Awards: Lil Wayne won the Grammy Award for Best Rap Album for "Tha Carter III" at the 51st Grammy Awards in 2009. He also won Best Rap Solo Performance for "A Milli." Drake has won multiple Grammy Awards for albums released through the Young Money/Republic partnership. Nicki Minaj won her first Grammy Award for Best Pop Duo/Group Performance for "Super Freaky Girl" at the 2025 Grammy Awards.
RIAA Certifications: Cash Money Records releases have received multiple platinum and multi-platinum certifications from the Recording Industry Association of America. Juvenile's "400 Degreez" is certified 4x Platinum. Lil Wayne's "Tha Carter III" is certified 3x Platinum.
Lil Wayne Lawsuit and Settlement (2015-2018): Lil Wayne filed a $51 million lawsuit against Cash Money Records, Birdman, and Universal Music Group in January 2015. Wayne alleged that Cash Money withheld millions in unpaid royalties for "Tha Carter V" and other projects. The lawsuit delayed the release of "Tha Carter V," which was finally released in September 2018 after the parties settled. Wayne reportedly received an eight-figure settlement and was released from his Cash Money contract. The settlement also restructured Young Money Entertainment's relationship with Republic Records.
Young Money Entertainment Restructuring: Young Money operated as an imprint of Cash Money and Republic Records, branded as YMCMB (Young Money Cash Money Billionaires). The legal disputes between Lil Wayne and Birdman affected Drake and Nicki Minaj, whose releases were tied to the Cash Money/Republic distribution structure. After the 2018 settlement, Drake's subsequent releases were distributed through Republic Records and OVO Sound rather than Cash Money directly.
Financial Disputes with Artists: Multiple artists and former associates have accused Birdman and Cash Money Records of failing to pay royalties. Juvenile filed a lawsuit against Cash Money in 2002 over unpaid royalties, which was settled out of court. B.G. left the label amid financial disputes. These recurring conflicts have damaged the label's reputation in the music industry.
Birdman and Slim Williams Legal Issues: Bryan "Birdman" Williams has faced personal legal issues separate from the label. In 2007, he was arrested on drug possession charges in Bristol, Tennessee, though the case was resolved without conviction. Various lawsuits have been filed against the Williams brothers personally, including disputes over real estate and business ventures.
Copyright and Sampling Disputes: Cash Money Records has faced copyright infringement and sampling clearance lawsuits over the years. These cases have typically been settled out of court or resolved through licensing agreements.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Sony Music Entertainment | USA | 2012 | Mass market | United states | All-ages | |
| Sony Music Entertainment | USA | 1974 | Premium | Global | Unisex | |
| Travis Scott | USA | 2017 | Premium | United states | All Genders | |
| Sony Music Entertainment | USA | 1953 | Mass market | Global | All Genders | |
| Sony Music Entertainment | USA | 1981 | Premium | Global | All Genders | |
| Universal Music Group | United Kingdom | 1947 | Mass market | Global | All Genders |
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