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.
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Reasonable Doubt Rights To Revert To Jay-Z In 2031
Future “Reasonable Doubt” Rights Before Dame Dash Auction” class=”wp-image-833074″ srcset=”https://wp.hnhh.com/wp-content/uploads/2024/08/Jay-Z-and-Dame-Dash.jpg 1957w, https://wp.hnhh.com/wp-content/uploads/2024/08/Jay-Z-and-Dame-Dash-300×207.jpg 300w, https://wp.hnhh.com/wp-content/uploads/2024/08/Jay-Z-and-Dame-Dash-768×529.jpg 768w, https://wp.hnhh.com/wp-content/uploads/2024/08/Jay-Z-and-Dame-Dash-1536×1059.jpg 1536w” sizes=”(max-width: 1957px) 100vw, 1957px” />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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