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OK, take this with a big grain of salt, but there's a report that YMCMB is hurting for money.

Gossip website MediaTakeout reports that Lil Wayne's label is about to go belly up. Though it has some of the top artists in the game, MediaTakeout claims that someone "VERY SENIOR" at the label tells them that Weezy is under "EXTREME FINANCIAL DISTRESS" due to lawsuits and issues with the IRS.

The source also makes the shocking claim that if Wayne can't figure things out quickly, YMCMB will be forced to sell off the contracts of stars like Drake, Nicki Minaj and Tyga to pay off its creditors. 

 

The Quickies:

They used capitals, so it has to be true. 

Drake and Nicki are bringing in a ton of money. How could they not be able to pay their bills?

Still, not inconceivable that Wayne would have serious IRS issues. 

 

MediaTakeout's batting average is far from perfect, so this is worth watching but not necessarily going to happen.

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