Dame Dash’s Roc-A-Fella Shares: Cam’ron & Mase Discuss Their “Hypothetical” Purchase

2024 has only just begun, but already the news cycle in the hip-hop world has taken us on a rollercoaster. For the femcees, the drama between Megan Thee Stallion and Nicki Minaj, as well as a slightly less tense feud between Latto and Ice Spice has been at the centre of internet discourse. As for male artists, the Diddy scandal unearthed by Cassie continues to bring forth other damning allegations, meanwhile, Dame Dash is doing everything in his power to hold onto his Roc-A-Fella shares amid a time of financial strife.

Last week it was reported that the music executive would have to sell his stake in the company to pay off an $800K+ debt he owes. Now, sources are saying Cam’ron and Mase might be the new owners of those shares; these rumours were addressed during a new episode of It Is What It Is this week. When the rappers’ co-host, Stat Baby, asked about the validity of the gossip, they couldn’t help but giggle about the situation for some time. “Let’s just say hypothetically, right?” Mase said with a grin while pulling money out of his coat pocket.

Read More: Mase Tells A Story About Being Scammed By A Former Business Manager

Did Cam’ron and Mase Buy Dame Dash’s Shares in Roc-A-Fella?

 
 
 
 
 
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In response to their unofficial confirmation, some hip-hop heads think this is the best move possible for Dash. “I mean, Dame ain’t tryna seel it to Jay, so s**t, why not? I say ask for $3M and walk away knowing it’s in good hands. If Cam and Mase acquire it, then it’s win for them both ’cause now Cam with the ROC and Mase get a win ’cause of those jabs Hov took at ’em,” one person wrote under @thehiphopwolf’s post.

Dame Dash is in a tough spot, with upwards of $800K still owed to a film producer who’s actively trying to get his money. Thankfully, Jay-Z and “Biggs” Burke are doing their part to keep his Roc-A-Fella shares in his name, though this rumoured deal has the potential to shake everything up. Read more about that at the link below, and check back later for more hip-hop/pop culture news updates.

Read More: Jay-Z Protects Dame Dash From Having To Sell His Roc-A-Fella Shares

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Dame Dash Roc-A-Fella Shares Headed to Auction Over Unpaid Judgment

Dame Dash Says R. Kelly is 'Where He Belongs' for His Dealings with Aaliyah

JAY-Z is on Dame Dash’s side in a recent legal matter. Dash was ordered to pay $823,000 in a judgment, and his failure to do so led to a court order to sell his remaining shares of Roc-A-Fella Records.

According to Radar Online, the sum owed is in connection to the 2016 film Dear Frank, which sees the money being paid to Josh Weber. Hov and Roc-a-Fella records third, Kareem “Biggs” Burke interjected, stating the company bylaws reveal the board of directors must approve a sale. The valiant effort may fall short as U.S. Magistrate Robert W. Lehrburger stated the shares can be seized.

On the business side, Hov and Biggs oppose the sale, so the Roc intellectual rights aren’t available via auction, which is exactly what will happen. Lehrburger addressed the two, stating, “They can participate in the auction and place the winning bid.”

“The question at the core of the instant dispute is whether the RAF By-Laws’ prohibition on transfer and sale of Dash’s one-third ownership interest in shares of RAF without the consent of RAF’s board of directors legally prevents sale of Dash’s interest in RAF to satisfy the Judgment,” Leherburger wrote. “The answer indisputably is no.”

Dash was fired as the director of Dear Frank as he was seen as unfit for the job. He then stated Weber ran off with the footage, stating it was his. He would then shop the film to BET under the name The List. Weber won the suit in 2022 but could not collect, leading to the shares going up for auction.

The post Dame Dash Roc-A-Fella Shares Headed to Auction Over Unpaid Judgment first appeared on The Source.

The post Dame Dash Roc-A-Fella Shares Headed to Auction Over Unpaid Judgment appeared first on The Source.

Jay-Z Heard Pimp C Dissing Him For Prior 2pac Beef, According To Record Exec

During a recent episode of The Art Of Dialogue, record executive Greg Taylor sat joined the show to discuss a variety of rap-related subjects. During one of the segments, he told a story about an awkward encounter that happened over the phone. The story begins shortly after the deal for Jay-Z and UGK to collaborate on “Big Pimpin” was cut. Then during a call that was unfortunately on speaker phone, he delivered the news to Pimp C and problems started to emerge.

“I called Pimp on the phone like, ‘Yo Pimp’ … I got a million-dollar check for you and all we wanted was a $100,000. He was like, ‘Who’s that with?’ I said, Roc-A-Fella. He was like, ‘Ain’t that over there with JAY-Z.’ I was like, ‘Yeah.’ He was like, ‘Man, tell him to take that check and give it to 2Pac momma. He gonna be stealing all my sh*t,” Taylor explains. Unfortunately, he wasn’t quick enough at turning speakerphone off to prevent Jay from hearing it. “Yeah, [Jay-Z] heard him. Because I had to jump up and apologize for this n*gga to clean that sh*t up quick. I didn’t realize he was in the room. As soon I seen Hov in the room, I was like, ‘Ahhh.’” Check out the full clip of Taylor telling the story below.

Read More: Jay-Z & Beyoncé Relationship Timeline

Jay-Z Overhearing Pimp C’s Diss Story

Recently, Dame Dash has been making a big deal out of telling old stories about Jay-Z. It comes as many fans have claimed that Dame has basically been cut off entirely from Jay and company and he’s had to dodge many accusations of using Jay’s name to get headlines. Most recently he told the story of how the legendary Roc-A-Fella rapper’s beef with DMX began. He faced accusations from fans online for over-exaggerating the role he personally played in the events.

Last month, Jay-Z shared his Tidal playlist highlighting some of his favorite songs of the year. Hip-hop favorites like Nas, Drake, Travis Scott, PLayboi Carti, lil Yachty, Westside Gunn and more also popped up on his list. What do you think of Jay-Z overhearing Pimp C dissing him before the two were scheduled to collaborate? Let us know in the comment section below.

Read More: Jay-Z’s “The Blueprint 3” Turns 14

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Dame Dash Claims He’s “Retaking” Roc-A-Fella Amid JAY-Z Dispute

Dame Dash says that he will be regaining control of Roc-A-Fella Records after his co-founders, JAY-Z and Kareem “Biggs” Burke, ousted him from the label. He discussed his status with the company during an interview with The GAUDS Show, last week.

“I’m taking back Roc-A-Fella; I don’t need no paperwork,” he said. “Roc-A-Fella never dies. It’s not dead; I just fuckin’ took a vacation. I’m the CEO of Roc-A-Fella Inc. and JAY-Z knows it, and so does Biggs. Not Roc-A-Fella LLC — we sold that; Roc-A-Fella Inc. — I’m still the CEO.”

Read More: Dame Dash Believes Nas Won Jay-Z Beef, Says “Ether” Response Was “Terrible”

Dame Dash & JAY-Z At The Launch Of The 40/40 Sports Bar

Damon Dash and Jay-Z during The Launch of Jay Z’s 40/40 Club – Inside Party at 40/40 Sports Bar in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

JAY-Z and Biggs previously sued Dame after he allegedly attempted to sell Hov’s 1996 debut, Reasonable Doubt, on an NFT auction. The two sides eventually reached a settlement and agreed no shareholder holds a direct ownership interest in the album. “They took me to court saying I tried to sell all their interests, knowing I didn’t,” he explained. “I was only trying to sell mine, but they did that to fuck my sale up […] We don’t go to court. You call me, and then you wanna lie on me? That was last year. I’m bothered about it.”

Dame Dash Discusses Rock-A-Fella Situation

 
 
 
 
 
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Dame has maintained that he’s willing to talk with JAY-Z in person, but claims the business mogul won’t meet with him. Speaking on The CEO Show in October, he said: “I always said as a man that we could always talk it up. Men should always be able to talk things up, but I’m really happy with my life right now. I know the world would love to see it and I’m down for it. If we could create something that inspires me, period. I don’t want to be f**king running on the stage dancing around. I’m too chubby for that right now.” Be on the lookout for further updates on Dame Dash and Roc-A-Fella on HotNewHipHop.

Read More: Dame Dash Says Jay-Z Offered Him $1.5M For Interest In Roc-A-Fella Inc.: “Disrespectful Sh*t”

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Dame Dash Says There Wouldn’t Be A “Rapping Jay-Z” Without Him

Jay-Z might be hip-hop’s first billionaire, although Dame Dash is doubling down on the notion that it wouldn’t have happened without his help. As you know, Jay and Dame Dash’s history goes way back and the latter undoubtedly played a major role in shaping the former’s early career. When no label wanted to sign Jay, Dash helped establish the empire that we now know as Roc-A-Fella and the rest is history. Although Jay became a billionaire after Roc-A-Fella’s split, you can’t erase Dame Dash from history.

On his appearance on The Gauds Show, Dash detailed all of the steps he had to take to even get Jay-Z heard in the first place. “I shopped Jay-Z to every single label,” he said. “Kevin Liles, all of them. Every single one of them and they all said no. And he becomes one of the greatest rappers alive. Those are the same people that said he was too old, rapped too fast, and dressed corny.” Ultimately, Dash’s persistence and drive helped create history in hip-hop. 

Read More: The Dissolution Of Jay-Z And Dame Dash: A Complete History

Dame Dash Speaks On Jay-Z’s Success

Dash explained that through this experience, he learned to trust his gut. Since many of these executives couldn’t see Jay-Z’s potential, he, Dame, and Biggs Burke went out to create their label. Ultimately, it defined an era in music and became a playbook for independence in hip-hop.  “If I listened to them, there would be no Jay-Z. He wasn’t gon’ do it,” Dame said. “There would be no rapping Jay-Z if it wasn’t for me 100,000 percent. He wasn’t gonna do what I did to make sure he got heard. He was hustling.”

While Dame can’t necessarily take credit for Jay-Z’s bars, he made it clear that his business acumen helped them break down the doors. “He wasn’t gonna put a record out by himself and create a record company,” he added. “He could rap but he didn’t know business. I taught him business. How to put a record out yourself. How to leverage your celebrity and put it on a product yourself.” Check out the clip above. 

Read More: Dame Dash On Jay-Z: “We Can Always Talk It Out”

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Today In Hip Hop History: Cam’Ron Dropped His ‘Purple Haze’ Album 19 Years Ago

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On this date in 2004, Cam’Ron released his fourth solo album entitled ‘Purple Haze’ released on the Diplomats, Roc-A-Fella, and Def Jam imprints.

This was the first solo album from the Dipset capo following the Dipset craze, where he switched from his obsession with the color pink to the more regal purple. Songs such as the anthemic “Down And Out” featuring a fairly new artist named Kanye West and Syleena Johnson, “Bubble Music” and “Adrenaline” featuring Twista and Psycho Drama help to popularize the highly anticipated album that took about a year to be released following several label delays during the Roc-A-Fella break up.

The album was propelled by samples from old soul and reggae music, which only helped to add to the LP’s popularity.

Salute to Cam, Dipset, and everyone involved with this timeless Hip Hop gem!

The post Today In Hip Hop History: Cam’Ron Dropped His ‘Purple Haze’ Album 19 Years Ago first appeared on The Source.

The post Today In Hip Hop History: Cam’Ron Dropped His ‘Purple Haze’ Album 19 Years Ago appeared first on The Source.

Slim Thug Calls For Exclusive Black Ownership of Black Music

In a recent Instagram Live session, Houston rapper Slim Thug stirred up controversy with bold statements. He expressed his dissatisfaction with the current state of the hip-hop industry. The artist discussed a contentious topic, asserting that Jewish people should not be owners of Black music. “Jewish people should own Drake — Drake is Jewish,” he said. “Jewish people should own Jewish music,” he said. “I don’t like that Jewish people own Black music, I don’t want Jewish people who are not a part of the culture to own the culture. I want only Black people to own Black music.” He went on to elaborate on his stance, advocating for exclusive Black ownership of Black music and urging a shift away from non-Black individuals holding the reins of the culture.

The rapper expressed a desire to reclaim control over the industry. He emphasized that only those who are deeply ingrained in the culture should be its custodians. “We need to take the culture back, he continued. “While these Black people broke, we need to own our music.” Slim Thug passionately declared. Slim Thug’s perspective, however, doesn’t stop at Black music. He expanded his argument to include other racial and ethnic categories. “It should be that for every race. If you Jewish, you should own Jewish music. If you white, you should own white music, country music,” he asserted. The rapper believes that this approach is not discriminatory but rather a call for equality in ownership across different musical genres.

Read More: Slim Thug Questions DJ Vlad’s Nationality In Explosive New Rant

Slim Thug Defends His Stance

While Slim Thug didn’t call out specific individuals, he expressed support for Dame Dash, a figure known for his confrontations with non-Black music executives during his tenure at Roc-A-Fella Records. Thug commended Dash for standing up against what he perceives as “culture vultures” in the industry. “We don’t want people culture vulturing us,” he says. “We going at all the culture vultures. That’s why tried to push Dame Dash to the side. Dame Dash was right — he was standing on business.”

The rapper’s perspective supports his call for ownership rights among ethnic groups. This undoubtedly sparks a discussion around cultural appropriation and representation. In fact, Slim Thug’s remarks add fuel to the ongoing debate about who should hold the keys to the kingdom of Black music. This isn’t the first time Thug has called out the topic of race. In fact, he went on a rant just last month about DJ Vlad and accused him of being a culture vulture. Let us know your thoughts on HNHH!

Read More: DJ Vlad Defends DJ Akademiks Amid Misogyny Accusations

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WATCH: Dame Dash Says He Had to ‘Fight’ JAY-Z and Lyor Cohen to Sign Kanye West

‘Paid in Full 2’ on the Way: Dame Dash Cites Newark as Film Location

Dame Dash continues to pull the curtains back on the dealings of Roc-a-Fella Records. Speaking in an Instagram Live Session, Dash revealed he had to get a vote and “fight” to get Kanye West on the label. Who did he have this battle with? Lyor Cohen and JAY-Z.

“I almost couldn’t sign Kanye. I had to get a vote. I had to fight to put Kanye out. I had to fight Lyor and JAY-Z,” Dame said. “They didn’t want that man to come out.”

You can hear it from Dame Dash below.

The post WATCH: Dame Dash Says He Had to ‘Fight’ JAY-Z and Lyor Cohen to Sign Kanye West first appeared on The Source.

The post WATCH: Dame Dash Says He Had to ‘Fight’ JAY-Z and Lyor Cohen to Sign Kanye West appeared first on The Source.

Dame Dash “Broke” But “Proud,” Roc-A-Fella Co-Founder Says He’s Been “Losing Money For Years”

Figures like Benzino and Dame Dash were at the top of their game decades ago, but as time has passed, so have the ways of the music industry. Now, the landscape looks completely different, and the men responsible for running The Source and Roc-a-Fella have unfortunately fallen on hard financial times. Both have been open about their struggles in the past, with Dash recently speaking his truth on an episode of The CEO Show. During his interview, the 52-year-old confirmed that he’s been watching his bank account balance dwindle for years, despite all that he previously accomplished as an executive and entrepreneur.

“I’ve had to start [a] new company from scratch, without any money to start it with,” the guest told host Dr. Taje Moreno. “I had to do it [by] rubbing two sticks together. So I can’t pay out three or four hundred thousand a year in child support, ‘cause I ain’t making that. But I’m not ashamed of that because I have things to show for it, but it hasn’t profited yet,” he confidently continued. Though he’s “broke,” Dash is still “proud,” he explains past the 11:30 mark in the video below.

Read More: Dame Dash At Risk Of Losing Roc-A-Fella Shares

Dame Dash Makes His Presence Felt on The CEO Show

In addition to that, the New Yorker clarified that the ownership stake in his ex-wife Rachel Roy’s fashion line was taken into consideration when the payments were determined. She presently controls that equity, which Dash believes should supplement Roy for the missing child support. “You can’t be mad at me and make me feel bad if the money that I had to give the kids, you got, and you still expecting me to pay that while I’m investing and losing money for years,” the father of three vented.

Elsewhere on The CEO Show, Dame Dash was asked about the nature of his relationship with Jay-Z, which has obviously had its ups and downs. Despite everything they’ve been through, the former still believes he and Hov “can always talk out” their differences. Read more about that at the link below, and tap back in with HNHH later for more pop culture/news updates.

Read More: Dame Dash On Jay-Z: “We Can Always Talk It Out”

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Dame Dash At Risk Of Losing Roc-A-Fella Shares

Dame Dash’s shares in Roc-A-Fella are reportedly at risk of hitting auction, according to court documents obtained by AllHipHop. Dash helped launch the label alongside JAY-Z and Kareem “Biggs” Burke back in 1995. The situation revolves around a lawsuit regarding Dash’s dismissal as a co-director on the movie Dear Frank.

After being ousted from the project for allegedly being high on the set, Dash promoted himself to a producer on the project and changed its title to The List. An ensuing lawsuit resulted in a jury ruling against Dash and directed him to pay $805,000 in damages to filmmaker Josh Webber and Muddy Water Pictures. In order to complete the deal, Webber’s lawyer, Christopher Brown, wants Dash’s one-third interest in Roc-A-Fella to be sold at a live, in-person public auction.

Read More: Dame Dash Escapes Sexual Assault Lawsuit

Dame Dash Parties With JAY-Z

Damon Dash and Jay-Z during Damon Dash’s Birthday Party – May 4, 2004 at La Bodega in N.Y.C. New York, United States. (Photo by Johnny Nunez/WireImage)

JAY-Z’s attorney, Alex Spiro, has since jumped into the dispute. He argues that Dash can’t do so due to the company’s by-laws forbidding any such transfer or sale. “Neither [ Brown or Webber] nor Dash have obtained (or even sought) permission to auction Dash’s 1/3rd interest in [Roc-A-Fella Records]. As a result, any purported transfer of Dash’s 1/3rd interest in [Roc-A-Fella Records] at the public auction [Brown and Webber] seek would be ‘void and ineffectual’ and would ‘not operate’ to transfer Dash’s interest. And the [Roc-A-Fella ] board is entitled to decide whether to approve any transfer of Dash’s interest,” Shapiro explained, as noted by AllHipHop. The judge has yet to issue a final ruling.

JAY-Z and Roc-A-Fella Records previously sued Dash for allegedly attempting to sell his shares of the label as a Reasonable Doubt NFT. The lawsuit concluded with both parties agreeing that no individual shareholder could mint an NFT of the album. Be on the lookout for further updates on the latest legal dilemma for Dame Dash and Roc-A-Fella on HotNewHipHop.

Read More: Dame Dash Ordered To Pay $805K In Copyright Lawsuit Over Movie

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