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Dame Dash’s Roc-A-Fella share is no longer up for sale. As previously reported by AFROTECH™, Dame Dash was hit with an $800,000 judgment stemming from a copyright infringement and defamation lawsuit. Soon after, it was announced that his Roc-A-Fella share, valued at $1.2 million, would be put up for auction to cover his debt. The auction generated buzz as the share included partial ownership of Jay-Z’s debut album, “Reasonable Doubt,” and its associated songs. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. The auction attracted attention from artists, including Drake and, unsurprisingly, Jay-Z, who allegedly made public claims that he would obtain...
At this moment in time, a judge is washing his hands of a decision involving Jay-Z and Dame Dash’s shares. As AFROTECH™ previously mentioned, Dame Dash is soon having his shares in Roc-A-Fella Records sold at auction following an $800,000 judgement from a copyright infringement and defamation of character lawsuit. The auction has been gaining significant attention as the buyer and new stakeholder would have the rights to Jay-Z’s debut album, “Reasonable Doubt.” Even Drake reportedly showed interest in purchasing the shares through a direct message, Dame Dash had said. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. Jay-Z’s attorney’s has since...
Dame Dash claims Drake may have interests in buying his stake in Roc-A-Fella Records. As AFROTECH™ previously reported, Dame Dash is in the midst of having his shares sold after an $800,000 judgement was placed on him in regard to a copyright infringement and defamation of character lawsuit. With a chance to invest in Roc-A-Fella Records, the interest is high as it brings partial ownership of the copyright to Jay-Z’s debut album, “Reasonable Doubt.” “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard. Bhushan’s prediction may be ringing true as Dame Dash recently shared on the “America Nu Network” show, he received a direct message from Drake, who was looking to...
Damon Dash’s shares in record label Roc-A-Fella Records may soon be no more. According to a report by Rolling Stone, despite his estranged relationship with fellow Roc-A-Fella owners — music mogul Shawn “Jay-Z” Carter and Kareem “Biggs” Burke — all have remained connected to the label on paper. However, this could all change soon. The latest development in ownership occurred in February 2024 when “a New York judge ordered Roc-A-Fella Inc. to deliver Dash’s company shares to the US Marshals to satisfy a $823,000 judgment from movie producer Josh Webber and Muddy Water Films.” The judgement was the result of a 2019 lawsuit against Dash led by Webber and the production company, accusing him of defamation and copyright infringement related to the movie, “Dear Frank,” according to Rolling Stone. Dash had been fired as its director and allegedly attempted to sell the movie on his own under a new title, “The List.” Manhattan lawyer Richard Roth of The Roth Law Firm stated that the most...
Gillie Da Kid has become widely known for hosting the “Million Dollaz Worth of Game” podcast alongside Wallo. As previously reported by AfroTech, the cousins/co-hosts signed a new contract for their popular show with Barstool Sports in October 2022. It was an extension of their initial 2020 deal with the sports and culture digital media company. According to Hip Hop Overload, the deal was worth an estimated $3 million in exchange for a 50 percent ownership stake in the show.
One of the most popular conversations across social media platforms involves what-if scenarios. Some of these hypothetical thought starters are rooted in truth, like Will Smith turning down a role in “The Matrix” to be in “Wild Wild West.” As crazy as it may be to ponder, this phenomenon is not uncommon in the entertainment industry. In fact, it occurs with musicians as well, and Lil Wayne is in that number. According to the Louisiana rapper, billionaire Jay Z offered him $175,000 to become a member of the Roc-A-Fella label.
Drake is once again proving himself as a dominant force in the music industry. According to an Instagram post by Genius, the rapper’s “It’s All a Blur Tour” has grossed $320.5 million across 80 shows in North America, making it the highest-grossing Hip-Hop tour of all time. Each of the 80 shows sold out, reached 100% capacity, and totaled 1.3 million tickets sold. View this post on Instagram A post shared by Genius (@genius) The first leg of the “It’s All A Blur Tour” started on July 5, 2023, in Chicago and wrapped in Toronto on Oct. 7, 2023. The second leg commenced on Feb. 2 in Tampa and ended in Newark on April 4. Fans enjoyed an unforgettable experience with a setlist of chart-topping hits and a star-studded lineup of guests that included 21 Savage, J. Cole, Sexyy Red, and Travis Scott . During the tours, Drake made his charitable spirit more evident than ever. The “God’s Plan” rapper repeatedly made headlines for surprising fans with cash gifts, Billboard reported . From...
There’s been an update in Dame Dash’s sentiments regarding ownership of “Reasonable Doubt.” In a recent Instagram video, Dame Dash acknowledged that there is “a lot going on” but he was surprised the media hadn’t covered what he considers “very relevant” news regarding his dispute with Jay-Z over the 1996 debut album. Dame Dash asserted that the City of New York, not him, filed a significant court document on Friday, Sept. 20, 2024, stating its concern over alleged misleading comments by Jay-Z and Roc-A-Fella Records (RAF). Per a report by All Hip Hop, the City, represented by the NYC Department of Social Services, requested a pre-motion conference as well as a stay of Dame Dash’s auction sale as a result. The petition was reportedly submitted to U.S. Magistrate Judge Robert W. Lehrburger. “’Jay-Z’s statements to the press have poisoned the environment for the auction,'” Dame Dash read from the City’s alleged statement. “‘He has claimed that he has a termination right under the...
In the entertainment industry , some of the biggest players live most of their lives out of the spotlight, securing multi-million dollar deals and planning world tours for today’s creatives. Among them is 56-year-old Kevin Liles – the son of an accountant and railway conductor from Baltimore, Maryland. After graduating from Woodlawn High School, the future millionaire was off to study electrical engineering at Morgan State University on a scholarship from NASA . He later dropped out and changed his focus to music, joining a group called Numarx in the 80s before securing an unpaid internship at Def Jam in 1991. Kevin Liles’ net worth was low then, but in just seven years, he was offered the role of record label president, which he held from 1999 to 2004. What Is Kevin Liles’ Net Worth? (Photo by Johnny Nunez/WireImage) While he presided over Def Jam’s artist roster and handled day-to-day business, company revenues doubled to $400M. This was through diversification of the brand, “...
“There are two types of personalities when it comes to self-marketing. There are the Master Ps in business, who will market his products to absolute strangers at every single moment of his day. Then there’s the other 75% of people who have glossophobia , fear of public speaking. You may be in the latter group. You were never the artist in the ‘80s and ‘90s who would have a box of CDs or cassette tapes in your car, ready to have a mobile distribution destination in every parking lot nearby. The idea of walking up to someone with a postcard, a brochure or a clipboard is out of the question. You might be OK putting marketing material on people’s windshields, but you’d rather drink a jug of beet juice instead of encouraging people to come to your vendor booth. You know you need to sell a product. Likewise, you know the only way for someone to find out about your product is to actually search for that target demographic and share your pitch. But fear of rejection will make you avoid eye...
Dame Dash claims he is broke. In a video clip on Instagram, the music executive states that his desire to pursue his dreams has also led him to lose his wealth. “Somebody asked me how I got so broke. Investing in my dreams,” Dame Dash explained. “You know, when you’re investing in your dreams and you dream big, you’re always gonna be broke… or have a lot of sh-t. But I don’t have no money for nobody else. That’s what you call broke. But that’s what it is.” View this post on Instagram A post shared by Dame Dash (@duskopoppington) Currently, Dash is facing a financial bind due to a $800,000 judgement amount that he will now owe as a result of a prior copyright infringement and defamation of character lawsuit, as AFROTECH™ previously reported. As required by the court, the U.S. Marshals are selling Dame Dash’s shares in Roc-A-Fella Records, which amount to 33% and are reportedly worth $1.2 million. They will be up for auction on Aug. 29, 2024. There is great interest surrounding the...
Jay-Z wants to reclaim the body of work that started it all. TMZ reports Jay-Z’s legal team has sounded the alarm that in 2031 the rapper-turned-billionaire will obtain full rights to “Reasonable Doubt,” his debut album released in 1996. Per the outlet, these rights would have reverted back to Jay-Z 35 years after the release as part of the business deal either way. This announcement follows the news of an impending sale of Damon Dash’s 33% share in Roc-A-Fella Records, which is set to hit the auction block sometime on Aug. 29, 2024. Its listing at auction was set in motion earlier this year to cover the more than $800,000 judgement amount Dame Dash owed in a past copyright infringement and defamation of character lawsuit related to the making of the movie “Dear Frank.” As AFROTECH™ previously mentioned, Josh Webber, director of “Dear Frank” filed the lawsuit in 2019, claiming Dame Dash was trying to make the movie on his own after being fired as director himself. More recently,...
New Orleans, LA, is known for its rich history and culture. From Mardi Gras to the rich food scene, the city has no shame about making its mark and taking up space; this is particularly evident through its people. One prominent example is the Hip-Hop dynasty of Cash Money Records, namely the self-proclaimed best rapper alive – Dwayne “Lil Wayne” Carter, Jr. Lil Wayne hit the scene as a member of the group Hot Boys and eventually went on to enjoy a lucrative and successful career as a solo artist. This era was specifically documented with his series of Carter LPs. Across that album sequence, Lil Wayne was able to produce hits such as “Go DJ,” “Mrs. Officer” and “6 Foot 7 Foot.” With such an illustrious track record, what is Lil Wayne’s net worth when updated for 2024? We’ll dig deeper into his net worth and business dealings here. Trouble With The IRS Amid so much success, the Louisiana rapper found himself in hot water with the IRS, leaving Lil Wayne’s net worth in jeopardy. A...
Back toward the beginning of his career, who would’ve imagined the 1998 release of “Hard Knock Life” would become a pit stop on the journey toward billionaire status for Sean “Jay-Z” Carter? Today, although he’s already a part of the club as Hip-Hop’s first billionaire, Jay-Z is still traveling along his journey, increasing his net worth to $2.5 billion, Forbes estimates. Most people have come to know the New York native from his legendary music career. From his early days with Roc-A-Fella Records to the evolution to what the world knows as Roc Nation, Jay-Z is heavily awarded and recognized for his musical contributions — leading to Billboard ranking him as the greatest rapper of all time. Whether or not Hip-Hop fans and enthusiasts agree, very few can argue with his impact on the industry and culture. Even Warren Buffet jumped into the proverbial group chat, saying, “For a young person growing up, he’s the guy to learn from.” In addition to music, Jay-Z is an accomplished...