roc a fella Archives - New Hip Hop News

Dame Dash Recalls Smacking Steve Stoute, Responds To “Club Shay Shay” Comments

March 17, 2024 by newhiphopnews

Dame Dash has fired back at music executive Steve Stoute for his recent comments with Shannon Sharpe on Club Shay Shay. Appearing on Friday’s episode of the Relate to Great podcast, Dame recalled smacking Stoute at the Roc-A-Fella offices.

“To be honest, I’m sick of these n***as. I’m sick of it because you would think that after a while n***as would leave you alone,” Dame said. “But this consistent thing where people feel comfortable saying that they’re going to do whatever they want to do or can do to keep me out of business, talk bad about me to other people you know come together and make a certain narrative and then get on TV and then have the nerve to speak on it…I’m sick of that s**t.”

Dame Dash Speaks At InvestFest

ATLANTA, GEORGIA – AUGUST 07: Dame Dash speaks onstage during the 2022 InvestFest at Georgia World Congress Center on August 07, 2022, in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)

From there, he explained that Stoue once owed him $18,000 and refused to pay him back. “I smacked him and s**t and I gave him an opportunity to have a fair one,” Dame recalled. “So like—pop!—smacked him. He asked me, he said, ‘Yo, did you just smack me?’ I was like, ‘Yeah, n***a and ain’t nothing between us but the wind. I’ll give you a fair one.’ I had a Franck Muller [watch] on my [left arm]—crack!—and s**t just broke.” Check out Dame’s full comments on working with Stoute below.

Dame Dash Calls Out Steve Stoute

As for what Stoute had to say about Dame on Club Shay Shay, he placed the blame for the fall of Roc-A-Fella Records on Dame and his erratic behavior. Stoute said that “while he was building businesses, he would go off all around the world with cameras and girls and all kinds of crazy sh*t, and then come back flipping on everybody as if [they were wrong].” Be on the lookout for further updates on Dame Dash on HotNewHipHop.

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Dame Dash Calls Out JAY-Z, Says He Misused Roc-A-Fella Funds To Block Him From Selling His Shares

March 11, 2024 by newhiphopnews

Dame Dash discussed his decision to put his Roc-A-Fella shares up for auction during a recent Interview with Greg G for America Nu Network. The decision to get the payout comes as a way of settling his $832,000 debt owed to film producer Josh Webber and Muddy Waters Pictures. The imprint’s co-founders, JAY-Z and Kareem “Biggs” Burke, previously attempted to block Dash from getting out while citing company bylaws about selling shares without board consent.

“I just want to sell it and fund my other businesses with it,” Dash said. From there, he accused Jay of falsely acting as CEO of Roc-A-Fella and using the company against him. Dash has also tried moving off of the shares by selling them as an NFT.

Dame Dash & JAY-Z Pose Together During Fashion Week

Jay-Z and Damon Dash during Mercedes-Benz Fashion Week Spring 2004 – Baby Phat – Backstage at Gertrude Tent, Bryant Park in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

“Jay pretended to be the CEO of Roc-A-Fella, hired his lawyers on Roc-A-Fella Inc.’s behalf. They illegally tried to change bylaws… Jay’s using my money to pay his lawyers to sue me about something I did not do,” Dash added in the interview. “Finally, the judge was like, ‘Yo, he could sell his interest. Those bylaws that you put in 2021 are not applicable. You can’t tell that man he can’t sell his private property.’ So now I get to take it to auction like I originally wanted to. Now it’s like I got an order of protection against Jay and Biggs from trying to put a lawsuit on me.’ Jay and them can’t stop it. And that was the whole purpose of making sure that it could go to auction publicly.”

Dame Dash Speaks On Roc-A-Fella

Elsewhere in the conversation, Dash discussed the music industry at large, the drama with JAY-Z, and more. Be on the lookout for further updates on Dame Dash on HotNewHipHop.

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Dame Dash Has Two “Prominent” NYC Rappers Interested In His Roc-A-Fella Shares

March 9, 2024 by newhiphopnews

Earlier today, attorney Christopher Brown shared a statement regarding the sale of Dame Dash’s Roc-A-Fella Records shares. He clarified that the music executive himself has no control over the sale, also telling those trying to purchase them directly through Dame that they’re “barking up the wrong tree.” The lawyer then revealed that there are currently various interested buyers, though he didn’t name names.

“Mr. Dash did not create this auction and is simply a judgment debtor along for the ride,” his statement reads. “I was recently informed that the Office of Child Support Services (New York City) has added a lien to the auction in the amount of $123,562.37 for unpaid child support and Mr. Dash has a judgment against him in the case of Bunn v. Dash, 20-07389 for $30,000.00 pending in California. This too will be added.”

Attorney Claims Dame Dash Has No Control Over The Sale

Dame Dash’s Roc-A-Fella shares being eyed by “2 prominent New York rappers,” says lawyer pic.twitter.com/Q5UdtbCBsx

— HipHopDX (@HipHopDX) March 8, 2024

“Buyer Beware when it comes to Damon Dash. My office and the United States Marshal are in control of this process. With that being said, I am negotiating with various entities to sell the judgments that are the focal point of the auction. The parties seeking to purchase the judgments fully intend to complete the auction process,” he also adds. “My team/clients has heard from two prominent New York rappers, however, the present leading candidates to purchase the judgments are World One TV and another network, and both networks are willing to pay an amount in excess of the judgments, understanding the value of this once in a lifetime opportunity.”

Fans suspect that the rappers interested in Dame’s shares could be Cam’ron and Mase, as sources have claimed since February. What do you think of attorney Christopher Brown claiming that two prominent New York rappers are looking to buy Dame Dash’s Roc-A-Fella shares? Who do you think they could be? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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

February 28, 2024 by newhiphopnews

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.

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.

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

February 23, 2024 by newhiphopnews

Despite all that Jay-Z and Dame Dash have allegedly went through in the fallout of Roc-A-Fella, it looks like there’s still enough there for them to defend each other. For those unaware, according to legal documents reportedly obtained by AllHipHop, the latter might have to give up his shares in the Roc to pay off a debt to film producer Josh Webber and Muddy Waters Pictures. They sued the music executive in 2022, and to collect their $832,000 judgement, they want to go after his stake in the record company. But Hov and the label’s third co-founder Kareem “Biggs” Burke stepped in to prevent these shares from selling out.

Before getting into that, it’s important to bring things back to 2016, when Dame Dash was fired as the director of Webber’s crime thriller flick, Dear Frank. He was allegedly unfit for the directorial role, being verbally abusive to staff and showing up to set high. The 52-year-old thought Webber tried “to take credit for a Black man’s work” and attempted to sell his original directorial vision of the film independently under another title, The List. Webber and Muddy Waters Pictures sued for copyright infringement and defamation, and received a 2022 judgement, but Dash still hasn’t complied with this order at press time.

Dame Dash At “The Prince Of Detroit” Premiere

<a href= — DETROIT, MICHIGAN – JUNE 23: Entrepreneur/Director Damon Dash arrives at “The Prince Of Detroit” Detroit Premiere at Detroit Music Hall on June 23, 2023 in Detroit, Michigan. (Photo by Monica Morgan/Getty Images)

Now, Jay-Z and Kareem “Biggs” Burke objected to this judgement’s collection, and argued that Roc-A-Fella’s bylaws call for the full board to approve of any significant sell-offs like this. U.S. Magistrate Judge Robert W. Lehrburger criticized that this decision finalized at a 2021 board meeting in which Dame Dash was not present and didn’t vote for it. Regardless, the court ordered the Roc to make his stock certification available to the U.S. Marshal’s Service within 180 days.

“The question at the core of the instant dispute is whether the Roc-A-Fella 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 the sale of Dash’s interest in RAF to satisfy the Judgment,” Leherburger questioned. “The answer indisputably is no.” Hov and Burke still has equal opportunity to buy the shares, and Webber’s last attempt to collect the judgement was on Februrary 13. Meanwhile, for more news and the latest updates on Dame Dash and Jay-Z, stick around on HNHH.

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

February 23, 2024 by newhiphopnews

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.

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Dame Dash Will Have To Sell His Remaining Roc-A-Fella Records Shares To Pay Off Debt

February 22, 2024 by newhiphopnews

In recent years, Dame Dash has made it a point to seemingly bring up the history of Roc-A-Fella record as often as possible. He appeared on numerous shows discussing notable moments in the labels history, sometimes drawing controversy for doing so. Numerous times he’s made claims that contradict previously understood stories and has even had some of the principle actors involved in his tales come out and correct him publicly. But now his last remaining monetary ties to Roc-A-Fella may be gone soon.

Dame has been fighting an unrelated copyright infringement case for a few years now. He reportedly tried to shop around a crime thriller without the partner who helped him write and conceptualize it. The resulting case ruled against Dame but he never paid up. Now in an attempt to get the money he owes from him, a judge is having Dame sell his remaining Roc-A-Fella records shares. The move wouldn’t just cost him quite a bit of money but also his vote in intellectual property matters relating to the Roc-A-Fella catalog. They’ve been ordered to turn over his shares within 180 days.

Dame Dash Forced To Sell Roc-A-Fella Shares

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The news that Dame Dash may have to give up his Roc-A-Fella shares first broke in September of last year. At the time it was unclear just how likely the scenario was. The legal process for securing payment has been pretty slow going. The original judgement came down in 2023. But the payment could potentially be delayed even further if Roc-A-Fella can find a way to avoid selling the shares in the next 180 days.

Dame is also strapped with trying to pay child support. He recently asked for his payments to be lowered and even claimed he made just $5000 in 2022. What do you think of Dame Dash being forced to sell his Roc-A-Fella shares to pay off his debts? Do you think he will find a way around having to make the sale? Let us know in the comment section below.

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Memphis Bleek Net Worth 2024: Updated Wealth Of The Rapper

February 1, 2024 by newhiphopnews

Memphis Bleek catapulted into the hip-hop scene under the imposing shadow of Jay-Z. Yet, he didn’t let that eclipsed beginning define him. Born as Malik Deshawn Cox in Brooklyn, New York, the rapper had a sense of urgency and ambition often reserved for those striving for self-made statuses. Crafting bars and delivering beats were part of his daily routine, all before he could legally vote. This erstwhile protégé of Jay-Z and a fixture of Roc-A-Fella Records has persistently redefined himself. Bleek balances artistry with entrepreneurship. The man, who refuses to let others ghostwrite his narrative, enjoys a net worth of $3 million in 2024, according to CAKnowledge.

Memphis Bleek’s musical journey is a cornucopia of hits, collaborations, and ventures that defy categorization. Albums like Coming of Age and 534 weren’t just discographies but statements of his lyrical capabilities. While some artists lose themselves in collaborations, Memphis found an opportunity to reinforce his individuality. Whether teaming up with Jay-Z or Rihanna, he was never overshadowed, proving time and again that he’s a lyrical force to be reckoned with. Songs like “Is That Your Chick” and “Do My…” have turned into hip-hop classics for their delivery and enduring impact on the genre.

Beyond The Stage: The Man, The Myth

PHILADELPHIA, PA – SEPTEMBER 03: Memphis Bleek attends 2016 Budweiser Made In America Festival – Day 1. On September 3, 2016 in Philadelphia, Pennsylvania. (Photo by Shareif Ziyadat/WireImage)

You can’t discuss Memphis Bleek without acknowledging his endeavors beyond the music. An affable personality with a knack for business, he’s invested in various ventures, including his own label, Get Low Records. His personal life has largely been kept under wraps, save for his 2014 marriage. It also shows a man who knows where to draw the line between private and public. Though it may sound counterintuitive in the social media age, Memphis’s decision to maintain a level of mystery only adds another layer to his enigmatic persona.

Balancing The Ledger: A Portfolio Worth Its Weight

If his financial advisor’s office walls could talk, they’d probably rap. Memphis Bleek has diversified his assets in the true spirit of modern entrepreneurship. Investments in real estate, a label, and even a line of flavored spirits show that his fiscal acumen is sharp. To understand Memphis’s financial strategy is also to peek into the mind of a man who knows that the rap game’s uncertainty is not to be trifled with.

Memphis Bleek: The Epitome Of Endurance & Ingenuity

Some artists can be described as flashes in the pan. Memphis Bleek is the entire kitchen stove—reliable, diverse, and far from one-dimensional. He’s navigated the precarious terrains of music, business, and fame, without losing his authentic self. His career isn’t just a lesson in survival but a master class in reinvention and resilience. Overall, the numbers on the checks and bank statements may fluctuate, but the essence of who Memphis Bleek is remains constant: an artist and entrepreneur who refuses to be confined by the expectations of others.

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Kareem “Biggs” Burke Net Worth 2024: What’s The Roc-A-Fella Co-Founder Worth?

January 28, 2024 by newhiphopnews

Kareem “Biggs” Burke carries weight in the music industry. Co-founder of Roc-A-Fella Records, Burke’s influence extends beyond the success of the label yet he remains a pivotal figure in the music industry. In 2024, his net worth stands at an impressive $1.5 million, according to Celebrity Net Worth. This article delves into the multifaceted career of the man behind Roc-A-Fella, unraveling the layers that contribute to his financial stature.

Early Career Ventures

Before the glitz and glamour of the music industry, Kareem Burke cut his teeth in the world of entrepreneurship. His early career saw him exploring various ventures, showcasing a keen business acumen that would later define his success. From these experiences, Burke honed skills that would prove instrumental in his journey toward co-founding one of hip-hop’s most iconic record labels.

Transitioning Into The Music Industry

The transition from entrepreneurship to the music industry marked a pivotal moment in Kareem “Biggs” Burke’s career. Burke, alongside Jay-Z and Damon Dash, co-founded Roc-A-Fella Records in 1995. This move would forever change the landscape of the music scene, catapulting Roc-A-Fella into the echelons of influence and establishing Burke as a formidable force in the industry.

The Roc-A-Fella Legacy

Roc-A-Fella Records quickly became synonymous with success, boasting a roster that included some of the biggest names in hip-hop. Under Burke’s guidance, the label propelled artists like Jay-Z to superstardom, cementing Roc-A-Fella’s place in music history. The financial success of the label undoubtedly contributed significantly to Burke’s net worth, solidifying his position as a savvy businessman in the music realm.

Legal Troubles

Despite his significant achievements, Kareem “Biggs” Burke’s journey hasn’t been without challenges. In 2012, Burke faced legal troubles related to drug trafficking. The co-founder of Roc-A-Fella Records found himself entangled in a case that led to a 5-year prison sentence. This period of incarceration undoubtedly had a substantial impact on his net worth.

While behind bars, Burke’s ability to actively manage his business interests was constrained, potentially affecting revenue streams and investment opportunities. Legal fees, coupled with the challenges of maintaining ventures from prison, likely contributed to a temporary setback in his financial standing. However, Burke’s resilience and determination would later play a crucial role in rebuilding his career upon release.

Beyond Roc-A-Fella

While Roc-A-Fella remains a cornerstone of Kareem Burke’s success, his entrepreneurial spirit extends beyond the music label. Post-Roc-A-Fella, Burke ventured into various business endeavors, expanding his financial portfolio, such as film and management. He launched Circle Of Success management company, which boasts SAINT JHN on the roster. Additionally, he ventured into film, executive producing HBO’s O.G. and earning an Emmy nod for It’s A Hard Truth, Ain’t It.

Conclusion

In 2024, Kareem “Biggs” Burke’s net worth of $1.5 million is a testament to his enduring impact on the music industry and astute business ventures. From the early days of entrepreneurship to co-founding Roc-A-Fella Records and beyond, Burke’s journey exemplifies the convergence of passion, talent, and entrepreneurial foresight that defines success in the ever-evolving world of music.

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Beanie Sigel Net Worth 2024: Updated Wealth Of The Rapper

January 5, 2024 by newhiphopnews

Beanie Sigel, known for his contributions to the rap industry, has had a notable career in music, although his financial worth stands at an estimated $100 thousand, as reported by Celebrity Net Worth. His journey in the world of hip-hop and his impact as an artist reveals a story beyond monetary figures.

Musical Journey: Contribution To Hip-Hop

DETROIT, MI – SEPTEMBER 04: Beanie Sigel performs on stage at Chene Park on September 4, 2015 in Detroit, Michigan. (Photo by Monica Morgan/WireImage)

Beanie Sigel, born Dwight Grant, emerged onto the rap scene in the late 1990s and quickly gained recognition for his raw lyricism and storytelling ability. Signed to Roc-A-Fella Records, Sigel released his debut album, The Truth, which received critical acclaim for its authenticity and gritty narratives.

His subsequent albums, including The Reason and The B. Coming, showcased his lyrical prowess and cemented his reputation as a respected figure in the rap community. Collaborations with fellow artists further solidified Sigel’s influence, contributing to the evolving landscape of hip-hop music.

Financial Landscape: Challenges & Triumphs

NEW YORK, NEW YORK – AUGUST 05: Beanie Sigel attends Rock The Bells Festival at Forest Hills Stadium on August 05, 2023 in New York City. (Photo by Johnny Nunez/WireImage)

While Beanie Sigel has undoubtedly made significant contributions to the rap genre, his reported net worth of $100 thousand indicates a contrast between artistic acclaim and financial success. Despite his talent and impact on the rap scene, various legal issues and financial setbacks have influenced his current financial standing.

Legal troubles and disputes with record labels have impacted Sigel’s ability to fully capitalize on his musical achievements. Despite challenges, he continues to maintain a devoted fan base and remains active in the music industry, striving to overcome obstacles and further his career.

Legacy And Impact In Hip-Hop

Beanie Sigel’s legacy extends beyond his net worth. Critics revere his authentic storytelling and contributions to the rap genre. He undoubtedly inspired artists with his raw lyricism and street narratives. His influence on East Coast hip-hop culture remains palpable, leaving an indelible mark on the industry.

Despite financial constraints, Sigel’s impact on hip-hop cannot be overlooked. His ability to capture the realities of his upbringing and translate them into compelling music solidifies his place in the annals of rap history. He continues to be respected for his contributions, despite financial challenges.

In conclusion, Beanie Sigel’s net worth of $100 thousand may not reflect the depth of his impact on the rap genre. His contributions to hip-hop culture, marked by raw authenticity and storytelling, position him as a significant figure within the industry. While facing financial obstacles, Sigel’s legacy as a rapper remains an integral part of the evolution of hip-hop, showcasing the resilience and enduring influence of his artistry.

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