Young Money Cash Money Billionaires president Mack Maine has revealed that Lil Wayne's highly anticipated, much delayed album "Tha Carter V" is on its way, aiming for an early 2015 release.

Sitting down with Miami radio station 99 Jamz's host Felisha Monet, Maine first spoke about what Weezy has been up to lately.

"He's out in the West Coast right now," he said. "He's working, touching up the album and about to start another special project for the people."

He then assured that Lil Wayne's latest project is ready to drop early next year.

"I can't give a definitive date. I can just say first quarter for sure," he claimed. "We're still in talks right now, trying to get the plans together. The industry shuts down towards the end of the year anyway. It's coming out. Don't get it twisted like it's not coming out ... He wants it out, the fans want it out."

Lil Tunechi recently took to social media to express his frustrations with his label and its CEO Birdman, blaming them for his new record's numerous delays.

Maine was asked if YMCMB and Baby have delayed the release.

"It's a lot of stuff that goes on with putting an album out," he explained. "It's way more behind-the-scenes that goes on with deadlines and stuff like that. Everybody should want this album to be out anyway in any company. It's actually four companies actually involved in it: Young Money, Cash Money, Universal and we have a solid partner that we haven't announced yet. We're gonna put it out a special way this time."

Mack Maine also addressed the beef between the "Believe Me" rapper and Birdman.

"It's just some business that's gon' need to be handled," he said. "Everybody has their breaking point. I support Wayne 1,000 percent. I feel like this matter will get resolved. Period. If I'm still around, it'll be resolved."