In June 2015, Wayne announced he joined fellow American rapper Jay-Z's TIDAL, as an artist owner, kicking off the partnership by exclusively releasing a single on the service titled 'Glory'. In February 2015, due to Tha Carter V 's continuous delay, Wayne announced a Free Weezy Album, would be released prior to the fifth installment in his popular series. Additionally, many tracks had production changes to avoid sample clearance issues.' Release and promotion It included the bonus track 'We Livin' Like That' but is missing original tracks 'I Feel Good', 'Thinking About You', 'He's Dead' and 'Without You'.

On the 5 year anniversary of the initial release, the album was made available on all streaming platforms in 2020. On January 28, 2015, it was reported Wayne filed a $51 million lawsuit against Birdman and Cash Money Records over the delay of Tha Carter V. Upon Sorry for the Wait 2 's release, it was noted Wayne disses Birdman and Cash Money Records, several times throughout the mixtape.

It is the sequel to 2011's Sorry 4 the Wait, which served for the same purpose during the delay of his ninth album, Tha Carter IV (2011). On January 20, 2015, Wayne self-released Sorry 4 the Wait 2, a mixtape to compensate for the continued delay of Tha Carter V. Wayne also expressed his feelings by stating he felt both he and his creativity were 'being held prisoner'. On December 4, 2014, just five days before Lil Wayne's Tha Carter V was due to be released, Wayne issued a statement saying the album would not be released on its expected release date, due to his displeasure with Cash Money Records label-boss Birdman, not wanting to release the album although it had been completed.

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