Music mogul JAY-Z‘s Reasonable Doubt has some serious respect being placed on its name. The hip-hop icon’s unforgettable debut album is getting all its flowers courtesy of people responsible for its creation reflecting on the 25th anniversary. TIDAL Is Properly Celebrating JAY-Z’s Classic According to streaming giant TIDAL, fans will be able to take a […]
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The controversial NFT based on Jay-Z’s debut album Reasonable Doubt has been blocked by a judge as the lawsuit against Roc-A-Fella Records co-founder Damon Dash continues. According to The Hollywood Reporter, U.S. District Court Judge John Cronan granted a temporary restraining order to Roc-A-Fella after the label sued Dash on June 18 over his alleged attempt to sell virtual ownership of the career-launching record.
Dash said that he wasn’t trying to sell the rights to the album, but his partner in the endeavor, SuperFarm, announced the NFT auction “of Damon‘s ownership of the copyright to Jay-Z’s first album Reasonable Doubt. This marks a new milestone in the history of NFT’s, entitling the new owner to future revenue generated by the unique asset.” The auction, which was set for June 23-25, was canceled after the label sent a warning letter to SuperFarm, but the label pursued additional legal action against Dash out of concern he’d attempt another sale on his own. Dash says he was trying to sell his Roc-A-Fella stake, not the rights to Reasonable Doubt.
U.S. District Court Judge John Cronan sided with the label during a hearing this morning, noting Roc-A-Fella owns the copyright to the album. The lawsuit will continue, but the sale will not — for the time being. Incidentally, it was a dispute over the publishing rights to Reasonable Doubt that ultimately caused Dash’s initial split with Jay-Z when Dash refused to sell Jay the album masters after the latter was offered a role as president of the parent label Island Def Jam. Jay offered to turn down the role in exchange for the masters, but ultimately took the role and kept the rest of his catalog after Dame’s refusal, causing a rift that led to the demise of Roc-A-Fella at the height of its success.
Reasonable Doubt is also at the center of another lawsuit; Jay-Z is suing the photographer who shot the cover for the album over control of his images.
Music executive Damon “Dame” Dash isn’t staying silent in an overnight NFT war against ex-business partner JAY-Z and Roc-A-Fella. The Harlem native has come forward to clear his name after getting dragged for allegedly trying to sell Young Hov’s Reasonable Doubt album without permission. Dame Dash Exposes Truth In NFT War According to Dame, JAY […]
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At the end of last week, the music world was surprised with the news that Jay-Z’s Roc-A-Fella Records, which was launched with co-founders Dame Dash and Kareem “Biggs” Burke, filed a lawsuit against Dash. It accused him of attempted to sell Jay-Z’s debut album, Reasonable Doubt as an NFT, something the record label said he did not have the right to do. Well, it turns out that selling a Reasonable Doubt NFT was not in Dash’s plans. His actual intentions were to sell his entire one-third stake in Roc-A-Fella, which is something he clarified to TMZ.
Dash spoke to the publication in response to the accusations stated in the lawsuit. He claims that Jay-Z tried to buy his entire Roc-A-Fella stake as recently as March, but it was at “a price I deemed unacceptable.” This forced Dash to find a more suitable buyer on his own.
He added, “Under the terms of the deal with a potential buyer, the buyer would buy my share of Roc a Fella Records and Jay-Z will have exclusive administration rights.” Dash also said that the lawsuit filed against him by Roc-A-Fella, who is represented by high-profile lawyer Alex Spiro, was simply a scare tactic to stop him from selling something he believes he has the right to sell.
Court documents from the previously-filled lawsuit said, “Dash can’t sell what he doesn’t own. By attempting such a sale, Dash has converted a corporate asset and has breached his fiduciary duties.” It added, “The court should stop Dash….and hold him accountable for his brazen theft.”
More than 25 years ago, Jay-Z, Dame Dash, and Kareem “Biggs” Burke came together to form Roc-A-Fella Records. The label would eventually become the home of Jay-Z’s first album, Reasonable Doubt, which was released in 1995. The project is heralded as a hip-hop classic and one of the best efforts in Jay’s discography. Fast-forward to the present and Reasonable Doubt is now at the center of a lawsuit between Roc-A-Fella records and Dash.
According to TMZ and Page Six, Dash was sued by the company after he attempted to auction Reasonable Doubt as an NFT. Roc-A-Fella claims that Dash is unable to mint the album to sell because he does not own the rights. According to court documents filed by high-profile attorney Alex Spiro, Dash planned to sell the Reasonable Doubt NFT at a now-canceled auction and Roc-A-Fella’s current fear is that he will try to sell it again elsewhere.
“The sale of this irreplaceable asset must be stopped before it is too late, and Dash must be held accountable for his theft,” the court documents read. “Dash can’t sell what he doesn’t own. By attempting such a sale, Dash has converted a corporate asset and has breached his fiduciary duties. The court should stop Dash….and hold him accountable for his brazen theft.”
The lawsuit comes shortly after Jay-Z sued photographer Jonathan Mannion, who shot the cover for Reasonable Doubt, for using his name and image without consent.
Music executive Damon “Dame” Dash has a pretty big problem on his head with the label he co-founded with JAY-Z. New reports claim Roc-A-Fella Records has sued the hip-hop mogul in an effort to stop the sale of an NFT connected to an iconic Young Hov project. Roc-A-Fella Has 99 Problems W/ Dame According to […]
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