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Dame Dash Challenges 50 Cent To “CEO War” Involving Their TV Networks

September 5, 2024 by newhiphopnews

Dame Dash is a mogul. He’s never pitched himself as a rapper, as evidenced by the song “I Am Dame Dash” where he raps about not being able to rap. We digress. Dash is someone who flexes on ops with business. This is why he decided to challenge 50 Cent on the business front. The former Roc-A-Fella boss told 50 to put his money where his mouth is, with regards to his TV network. He went as far as to say that his network would outperform 50’s in direct competition.

You might be asking why. As with most feuds involving 50 Cent, 50 Cent started it. The rapper claimed that Dame Dash “has no money now” during an episode of the Million Dollarz Worth of Game podcast. Dash caught wind of this, and decided to clap back on Instagram. “Somebody definitely sent me that cute sh*t 50 said about me not having no money,” Dash confirmed. “I feel like now me and 50 should have a battle, and no gangster sh*t…. That would be whack and corny for the culture.” The alternative Dame Dash proposed was a “CEO War.”

Dame Dash Tried To Get 50 To Buy Roc-A-Fella Shares

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Dash wants to see which hip hop businessman has their pulse on the culture. “He’s in the television network business now,” he asserted. “Let’s do CEO War… “I’m going to drop my network. And what I’m going to do is also drop a new original American movie.” Dash then urged 50 Cent to drop a movie on his network, so the two could directly compete. The businessman didn’t stop there. He used the opportunity to goad 50 into purchasing the 33% stake in Roc-A-Fella Records. Dame Dash has been ordered to sell off his share of the legendary label, but has been unable to find a buyer that suits his price range.

Dame Dash decided to try and kill two birds with one stone when it came to challenging 50 Cent. “Where you at? It’s still for sale,” Dash explained. “The starting price was 1.2. Now it’s 3 million. And if you got it like you say it, buy it. I challenge you.” Given how much trouble Dash has had selling off his 33%, we can’t blame him. That said, 50 Cent has enough going on to not have to worry about beef with Dame Dash.

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50 Cent Taunts Dame Dash While Listing His Grievances With The Roc-A-Fella Co-Founder

September 2, 2024 by newhiphopnews

50 Cent says that Dame Dash is out of money and trolled him for his alleged reaction to him signing with Eminem and Dr. Dre back in the day while speaking on the Million Dollaz Worth of Game podcast. He told Gillie Da Kid and Wallo that Dame scoffed at his $1 million offer from Interscope/Aftermath/Shady in 2002 and now is plagued by financial woes.

“The only person that pointed out that a million dollars was no money was Damon Dash, and he has no money now,” 50 said. “‘That ain’t no money. After you get a watch, a chain, you look out for the homies and you do this, that and the third… it’s nothing.’ And I was like, ‘N***a, I’m from 134th Street. A million dollars is a lot of money.’ I’m thinking I hit the lotto! How you gonna say it’s no money? I just never forgot that because of how it felt.”

50 Cent Performs During Dreamville Music Festival

RALEIGH, NORTH CAROLINA – APRIL 06: 50 Cent performs during the 2024 Dreamville Music Festival at Dorothea Dix Park on April 06, 2024 in Raleigh, North Carolina. (Photo by Astrida Valigorsky/WireImage)

Dame Dash has spoken publically about his recent financial troubles and is auctioning off his one-third ownership share in Roc-A-Fella. He needs to cover a lawsuit judgment stemming from a failed film partnership with producer Josh Webber. He also allegedly owes $197,000 in child support and nearly $9 million in taxes. The minimum bid for his Roc-A-Fella share is $1.2 million. He’s previously suggested that Kendrick Lamar pick up the stake in the iconic company.

50 Cent Speaks On Dame Dash’s Financial Woes

The sale of the Roc-A-Fella share has worsened his relationship with JAY-Z, who has attempted to block the move. Check out 50’s full comments on Dame Dash and his money below. Be on the lookout for further updates on 50 Cent and Dame Dash on HotNewHipHop.

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Dame Dash’s Roc-A-Fella Auction Postponed Over Massive Child Support & Tax Debts

August 28, 2024 by newhiphopnews

Dame Dash’s one-third stake in Roc-A-Fella Records was set to be auctioned off by the U.S. government on August 29, but now, the auction has been pushed back by nearly a month. It will now take place on September 22. The sale is intended to cover an $823K judgment Dash owes Josh Webber, who along with Muddy Water Pictures, sued him for copyright infringement and defamation in 2022.

According to Billboard, however, both New York City and the state want money from the sale too. Reportedly, he owes $197,000 in unpaid child support, as well as a whopping $8.7 million in unpaid taxes. Judge Robert W. Lehrburger explained in his ruling that the delay would allow more time to set a higher minimum bid. Webber’s attorney has a plan for how to disburse the money, which he made alongside the city and state, though Dash’s lawyer Natraj Bhushan was not involved.

New York City & State Want A Piece Of Roc-A-Fella Sale

Dame Dash’s Roc-A-Fella Auction Postponed Over Child Support & Tax Debt — 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)

“We look forward to upcoming court conference so that all interested parties can be heard and the court can decide who gets what, and in what priority from the forthcoming public auction,” Bhushan says. The delay comes shortly after Jay-Z’s team filed a notice about the rights to his 1996 album Reasonable Doubt, Roc-A-Fella’s only asset. In 2031, the rights will officially go to him, meaning that whoever wins the auction will only get one-third of the album’s revenue for about six years.

Dash responded to this with a rant on Instagram Live. “They had some bum-a** board meeting and all of a sudden he gets first right of refusal. I don’t really care. It don’t slow nothing down for me,” he explained. “Now I don’t know how deep homie’s pockets is. I’m curious if he’s gonna match that. I put an offer on the table, lemme see if he’ll match it. But it was from other people.” What do you think of the planned auction of Dame Dash’s Roc-A-Fella shares getting delayed? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

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Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

August 21, 2024 by newhiphopnews

Dame Dash went after JAY-Z during a rant on his Instagram page on Tuesday, after his Roc-A-Fella co-founder filed a notice that the rights to his 1996 album Reasonable Doubt will switch from the company to his possession in 2031. Dame has been attempting to sell his stake in Roc-A-Fella shares to cover a judgment regarding copyright infringement and defamation owed to movie producer Josh Weber.

“I don’t expect anyone, just some average person, to come buy it — or a third of it, my third. I don’t wanna get sued again,” he said. “I know, for some reason, nobody wants me to sell it, but I’m ready to just move on, do my thing. I had a lawsuit, I had a judgement, and I’m like, ‘Yo, that’s 800 grand. Go get it from over there. They not paying me neither!’ So, they went and did the work for me [to] paid that debt and I’ll be able to sell it. It all worked out for me. I’m sure there’s a little twist they put on things. I don’t know why. I do know why, but I don’t know why. I don’t know why about one thing, but I do know why about the other.”

Dame Dash Celebrates His Birthday With JAY-Z

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

From there, he set his sights on JAY-Z. “They had some bum-ass board meeting and all of a sudden he gets first right of refusal. I don’t really care. It don’t slow nothing down for me,” he said. “Now I don’t know how deep homie’s pockets is. I’m curious if he’s gonna match that. I put an offer on the table, lemme see if he’ll match it. But it was from other people.” The auction is scheduled for August 29.

Dame Dash Speaks On JAY-Z

Dame and JAY have been at odds for years at this point. Check out the latest that Dame had to say about his former business partner below. Be on the lookout for further updates on Dame Dash and JAY-Z on HotNewHipHop.

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Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

August 21, 2024 by newhiphopnews

It’s no secret that Dame Dash has dealt with some financial issues in recent years. Currently, he’s gearing up to watch his Roc-A-Fella shares be auctioned off by the government. The auction is scheduled for later this month, and the minimum bid is $1.2 million. Profits from the sale will reportedly go to Josh Webber and Muddy Waters Pictures, who won a massive defamation and copyright lawsuit against Dash in 2022.

Ahead of the auction, he chatted with fans on Instagram Live, providing them with an update on his financial status. He answered one of fans’ most frequent questions, which is how exactly he’s gotten to this point. According to him, it wasn’t actually all that difficult.

Dame Dash Claims Investing In His Dreams Made Him Broke

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“Somebody asked me how I got so broke,” he began. “Investing in my dreams. You know, when you’re investing in your dreams and you dream big, you’re always gon’ be broke. You’ll have a lot of sh*t but I don’t have no money for nobody else if that’s what you call broke. That’s what it is. Either way, I’m get with y’all. Stay tuned. I’m curious to see how it all rolls out.” Dash’s latest update arrives just days after he promised to sweeten the deal for whoever ends up buying his portion of Roc-A-Fella.

In a clip that surfaced earlier this week, he revealed that he’ll be gifting “an original Roc-A-Fella chain from around [his] neck” to the buyer. “If I don’t give you the chain, it’s not a legit Roc-A-Fella chain,” he added at the time. What do you think of Dame Dash addressing how he became so “broke” on Instagram Live? What about his claim that investing in his dreams is the culprit? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

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Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

August 14, 2024 by newhiphopnews

Dame Dash isn’t fazed by JAY-Z’s attorneys filing a notice that the rights to his 1996 album Reasonable Doubt will switch from Roc-A-Fella to his possession in 2031. The label’s co-founder is still trying to sell off his shares of the company and reaffirmed his plans in a post on Instagram on Tuesday. “They can say what they want, this sh*t is still for sale,” he clarified. “You’re not buying a copyright, you’re buying a piece of a company ROC A FELLA INC. Please only serious inquiries only!”

Fans shared their support for Dame in the comments section of his post. “Rocafella wouldn’t be a household name if it wasn’t for Dame!! Marketing genius! Shout out to #Harlem,” one user wrote. Another top comment added: “Jay Z can’t break bread, he has to have the whole loaf, crust & crumbs.”

Dame Dash & JAY-Z Pose Together At The 40/40 Club

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)

It’s unclear whether anyone will actually step up and buy the shares from Dame. Lupe Fiasco recently suggested that Drake has the means and should do so in a post on social media. “@champagnepapi will keep it safe for generations to come,” he wrote. “This is grail and influenced an innumerable amount of rappers to see it peddle such a lack of grace genuinely hurts my feelings a little bit. But also on savages st fk it…either donate it to a museums for safekeeping or seriously let Drake make an offer so he can put in where it needs to be. Or just keep the s**t OG you should be infinitely proud of this. Without it there is no me as I am and I’m sure other MC’s will agree.”

Dame Dash Still Wants To Sell His Shares

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Dame will use whatever he makes from the sale to cover a massive $823,000 judgment he owes to Josh Weber for copyright infringement and defamation over the 2016 film Dear Frank. Be on the lookout for further updates on Dame Dash on HotNewHipHop.

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Jay-Z Files Notice About Future “Reasonable Doubt” Rights Before Dame Dash Auction

August 10, 2024 by newhiphopnews

Dame Dash had been trying to sell his Roc-A-Fella shares for some time, but earlier this month, it was revealed that the U.S. Marshall would publicly auction off his 33.3% interest in the company. The auction is scheduled for later this month, according to TMZ, and it looks like Jay-Z is getting prepared. Recently, the hitmaker’s attorneys filed a notice that the rights to his 1996 album Reasonable Doubt will switch from Roc-A-Fella to Shawn Carter come 2031.

The outlet also notes that the rights would have gone back to Jay-Z 35 years after the album’s release anyway. The filing simply makes it official. This means that whoever ends up winning the auction later this month will get one-third of Reasonable Doubt revenue for only about six years. The minimum bid is $1.2 million.

Reasonable Doubt Rights To Revert To Jay-Z In 2031

Jay-Z Files Notice About <a href= — Jay-Z and Damon Dash backstage at the Z100 Jingle Ball 2001 at Madison Square Garden in New York City, Thursday, December 13, 2001. Photo by Frank Micelotta/ImageDirect.

Anyone interested in the auction has been encouraged to email Christopher Brown, Josh Webber’s attorney. Webber and Muddy Waters Pictures won a massive civil suit against Dash back in 2022 over defamation and copyright infringement. He’s accused of telling people he owned the rights to the film Dear Frank, which Webber and Muddy Waters Pictures produced, despite having been dropped from the project. Reportedly, the auction is intended to cover the judgment.

Again, this comes after Dame Dash unsuccessfully tried to sell his Roc-A Fella shares for years. Last month, Lupe Fiasco even hopped online to suggest that Drake buy them. What do you think of Jay-Z filing a notice that the rights to Reasonable Doubt will be his in 2031? What about them going up for auction later this month to cover a civil suit judgment? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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Dame Dash Will Reportedly Have Roc-A-Fella Shares Auctioned Off After Sale Attempts

August 1, 2024 by newhiphopnews

It looks like Dame Dash will finally fulfill his years-long mission to sell off his shares in Roc-A-Fella… but not on his own terms. Moreover, TMZ Hip Hop reports that the U.S. Marshall will publicly auction off his 33.3% interest in the company he co-founded with Jay-Z and Kareem “Biggs” Burke at an August 29 Manhattan event, according to supposed legal documents reportedly obtained by the publication. Apparently, hopefuls will have to email attorney Christopher Brown in order to register to appear at the auction. Brown represents Josh Webber, a film director who won an $800K-plus civil judgement against the music executive two years ago over copyright infringement and defamation.

Along with Muddy Waters Pictures, Webber produced the film Dear Frank and sued Dame Dash for allegedly falsely claiming to folks that he owned the rights to the film even after the project dropped him. According to TMZ, the court documents specify that this auction for the Roc-A-Fella shares is to cover this judgement, and that Hov’s Reasonable Doubt is the Roc’s biggest asset. The minimum bid for Dash’s shares must be at least $1.2 million at the auction. We’ll see who ends up with this historically contentious and now infamous stake.

Dame Dash’s Roc-A-Fella Shares Will Be Up For Auction

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Furthermore, this comes after Dame Dash tried to sell his Roc-A-Fella shares, including Reasonable Doubt, on multiple occasions, none of which had proved successful. However, Lupe Fiasco had an interesting proposal regarding this, as he asked Drake to buy Dame’s shares.

“@champagnepapi will keep it safe for generations to come,” the Chicago MC expressed on social meida. “This is grail and influenced an innumerable amount of rappers to see it peddle such a lack of grace genuinely hurts my feelings a little bit. But also on savages s**t f**k it…either donate it to a museums for safekeeping or seriously let Drake make an offer so he can put in where it needs to be. Or just keep the s**t OG you should be infinitely proud of this. Without it there is no me as I am and I’m sure other MC’s will agree.” We’ll se whether Aubrey Graham will hit up the Big Apple on August 29.

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Memphis Bleek And Just Blaze Tease First New Collab In Two Decades

June 12, 2024 by newhiphopnews

Memphis Bleek and Just Blaze are legendary soldiers in the Roc-A-Fella army. They helped to define the first half of the 2000s alongside label boss Jay-Z. Bleek and Blaze have taken different career paths in the years since the Roc disbanded, but all that is just water under the bridge. The two artists are coming back together for a new single, and it will be their first in over two decades. The best part? Fans won’t have to wait long to hear it.

Memphis Bleek announced the collaboration on Instagram on June 10. The rapper posted the artwork for the single, which is titled “Durag Bleek.” The single artwork features photos of Bleek and Just Blaze from over the years, suggesting that the song will reflect on all the work the two artists have done together. It also came with a release date of Friday, June 14. That’s right, the two Roc icons will be releasing the new song the very same week it’s announced. The last time Memphis Bleek was heard over a Blaze beat was the 2005 album 5:34. Ironically, the most famous Blaze beat on the album, “Dear Summer,” doesn’t have any rapping from Bleek whatsoever. Instead, it’s a solo JAY-Z track.

Memphis Bleek’s New Single Will Drop June 14

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Memphis Bleek and Just Blaze have had their differences over the years. The latter admitted this during a 2022 appearance on the Drink Champs podcast. He said that Blaze gave away the beats for Cam’ron’s “Oh Boy” and Joe Budden’s “Pump It Up” before he got a chance to do anything with them. “That’s cool he did do that, and I always want to f*ck him up for that,” the rapper said jokingly. “But I can’t, that’s my brother. I love him. N***as trying to say I passed up on ‘Oh Boy.’ F*ck out of here. I would have hit you in the head with an ‘Oh Boy.’”

The Roc reunion also tracks, given that Bleek is launching a label-themed podcast titled Roc Solid. The podcast will delve into the history of Roc-A-Fella and feature guest appearances from the likes of Young Guru and Freeway among others. A release has not yet been announced, but the teaser for the podcast suggests that Roc adjacent rappers like Ja Rule and N.O.R.E. will appear as well. Who knows, maybe Just Blaze will drop by and bless fans with some previously unheard stories.

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Kendrick Lamar Receives Offer From Dame Dash About His Stake In Roc-A-Fella Records

June 7, 2024 by newhiphopnews

Kendrick Lamar has long been a massive fan of both Nas and Jay-Z, and one of his hot takes on the once-upon-a-time rivalry might get him closer to a new business venture. Moreover, Dame Dash recently discovered one of his old tweets from 2010 about Hov’s Reasonable Doubt being better than Esco’s Illmatic, and had an idea for K.Dot. “@kendricklamar my 3rd is for sale if you want to buy it. Any serious offers DM,” he captioned a screenshot of the tweet on Instagram uploaded Thursday (June 6). While Kendrick has yet to publicly respond, it would be interesting if this full-circle moment actually ends up happening.

Of course, Roc-A-Fella Records is not what it was in the early 2000s anymore, but it’s connected to Jay-Z’s wider business empire, so there’s got to be something good out of it. Regardless, we know that Kendrick Lamar is keeping busy these days and has plenty of opportunities to coincide a big announcement with. For example, he will perform at The Forum in Los Angeles for a special Juneteenth show with friends, which folks can’t wait to witness. After all, the Drake beef alone is enough to entice potential concert-goers in the city, not to mention the rest of this legendary catalog.

Dame Dash’s Offer To Kendrick Lamar

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Elsewhere, Kendrick Lamar will have to contend with a lot of bad business blood if he considers buying into Roc-A-Fella Records, which Dame Dash owns a third of through his stake in the company as a co-founder. Amid Dame’s other legal issues that almost saw him sell his shares through a court order over an unfulfilled lawsuit settlement, the Roc intervened. Jay-Z and Kareem “Biggs” Burke, the other two co-founders, blocked Dash from selling his shares due to the board of directors having to sign off on that decision first. The music executive also previously teased selling his shares to Cam’ron and Mase.

“In 2021, I was trying to sell my shares at public auction,” Dame Dash explained regarding the business backstory. “Jay and Biggs sued me, or had Roc-A-Fella Inc. sue me, and say I was trying to sell all the shares. I’m the CEO of Roc-A-Fella. What Jay did was pretend to be the CEO of Roc-A-Fella. He hired his lawyers on Roc-A-Fella Inc.’s behalf and sued me. Jay’s lawyers were being paid by me and the money generated from Roc-A-Fella Inc.”

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