Lil Wayne Birdman

Years of wild spending has apparently caught up with Cash Money Records owners Lil Wayne, left, Bryan "Birdman" Williams, right, and Ronald "Slim" Williams (not pictured).

According to a report on gossip tabloid TMZ's website, Cash Money Records' unpaid bills are stacking up and creditors are filing lawsuit after lawsuit against the brothers. It looks like the cash machine is running out of unlimited funds.

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Young Jeezy

Rapper Young Jeezy dropped a new track titled "Foul Play" last night. The track is off CTE’s It’s Tha World Vol. 2 EP which drops Nov. 27 at midnight.

Of course, he couldn't release new heat without a little controversy to go along with it.

Before dropping the track Jeezy took to his Twitter page to denounce Def Jam recording execs for not doing enough to promote his music. He even threatened to leak his own album early.

"Lucian and Barry boss up... or my fans gonna get an early xmas gift beeleedat #SNOWMAN," Jeezy tweeted.

Update: LA Reid, CEO of Epic Records, responded to Jeezy's rant on Twitter last night, tweeting "@YoungJeezy #BeEpic".

Listen to "Foul Play" (Dirty version) below.

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Don Cannon Named A&R of Island Def Jam

Atlanta based DJ, and friend of the blog, Don Cannon has been named head of A&R at Island Def Jam Records. Cannon will take over the position from rapper/producer The-Dream, who held the job for less than a year. Cannon, 33, has produced music for rap artists such as Ludacris, Outkast, Young Jeezy, T.I., Kanye West, Lil Wayne, J. Cole, and Rick Ross.

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LIl Wayne Signs Paris Hilton to a Record Deal

That sound you just heard is the lid of Hip Hop's coffin slamming shut on Hip Hop as a music genre.

Disgraced rapper Lil Wayne just found a sucker to get him back in the good graces of the corporate world. 3 weeks after getting dropped like a hot potato by Pepsi, Wayne has signed talentless socialite Paris Hilton to a record deal on Young Money Cash Money Records. Cash Money co-founder Birdman made the announcement on Twitter today.

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