News: 50 Cent Says Let Me In, Addresses Young Buck Bankruptcy Auction
Wednesday, Apr 25, 2012 6:04PM
G-Unit leader 50 Cent may not be on speaking terms with ex-member Young Buck, however, he is vocally disclosing his problems with Buck Marley's assets getting auctioned off.
According to reports, Fif is asking for Buck's assets to stop from hitting the open market.
Attorneys representing 50 Cent and his G-Unit Records say a recent motion to sell Young Buck's intellectual property in a bid to pay his creditors, which we previously covered, doesn't disclose the specific assets up for grabs. That's a problem for 50 Cent, who signed Young Buck to his label in 2004, who says their still-standing recording agreement covers just about all of the IP. As a result, the rapper behind such hits as "In Da Club" and "Candy Shop" is asking a bankruptcy judge to block the sale until they can work out just what Young Buck is--and isn't--allowed to sell. (Wall Street Journal)
The rap executive may have a point as it turns out G-Unit could own all of Buck's music.
According to 50 Cent, his label owns 100% of all rights of recordings Young Buck did for G-Unit and has the exclusive right "to distribute, reproduce, and authorize adaptations and all performances in whatever form." Attorneys say that includes Young Buck's 2010 studio album, "The Rehab," and any recordings released since, even the songs released independently of G-Unit. But that's not all, 50 says. Young Buck also granted G-Unit rights to use of his professional name, trademarks, portraits, logos and likeness, including "a perpetual and exclusive publicity right" to use his past or current recordings o promote records. G-Unit also says it alone can create and host Young Buck's official website. And an exclusive song-publishing agreement with Universal Music (which filed its own objection) and 50 Cent grants them the exclusive right to administer and publish Young Buck's songs. (Wall Street Journal)
Recently, the Southern rapper hinted at his G-Unit contractual requirements possibly coming to an end.
"I'ma be honest with y'all. Right now, finally, we're having some kind of negotiations with what we'll be able to do as far as the G-Unit situation. So y'all will be the first ones to hear but I'm able to tell you the wait is over. It's definitely over. I don't want to put a time limit on it, but the wait is absolutely over, and we're just trying to figure out what's the best situation for us far as where am I gonna go. I don't think I'm going to be able to complete the last few albums I have on G-Unit. But hey, at the end of the day, it is what it is. The past is the past and we're living in the present." (Back On My Buck Sh*t)
A few weeks ago, Buck said he wanted to get back on speaking terms with G-Unit.
"It's been a long time since I've had any kind of conversation with [Lloyd] Banks, [Tony] Yayo, 50 [Cent], anybody really through that camp over that way," Buck told DJ Whoo Kid in an interview. "It's been even a long time since I heard your voice to even have a conversation and we having it on air, live for the people. ... At the end of the day, we've made history and I would never not consider not being a chance for us to make history again if ever given the opportunity or chance. My thing is, at the end of the day, we only get older out here in this situation, in life, in itself and the older I became, the wiser I became at the same time." (Shade 45)
Check out a recent Young Buck interview below: