Dame Dash reveals a disrespectful amount for his shares in Roc-A-Fella Records.
Damon Dash, the co-founder of Roc-A-Fella was the recent guest on Veuit Podcast, where he talked about business and entrepreneurship, and his attempt to enter the NFT world through Jay-Z’s debut album “Reasonable Doubt”.
“When I was offered a certain amount of money for my interest in Roc-A-Fella Inc., which owns Reasonable Doubt, they offered me like $1.5 million—Jay-Z—I was like, that’s some disrespectful sh*t. So, I guess I have to sell it someplace else,” he said at the 29:30 mark.
He continued, “What happened was, I got the lawsuit. ’Cause again, I got accused of doing something I didn’t to stop me from doing it, and then everybody just went missing. So I had to deal with the lawsuit on my own. That f**ked up. But, from there, I guesss exploring all the things and having to understand the law of what I could and what I couldn’t do with the potential. If you read Bloomberg and all that, I set up a precedent for things that are moving forward. And then, I wanted to make a statement in that world.”
According to recent news, Shawn Carter has allegedly transferred the rights to stream his album “Reasonable Doubt” to S. Carter Enterprises LLC without proper authorization. A legal summons was filed on Tuesday in the New York Supreme Court. Damon Dash, the co-founder of Roc-A-Fella Records, is taking legal action for reasons including “unjust enrichment, breach of fiduciary duty, replevin, and conversion.” He is seeking a minimum of $1 million in compensation. The lawsuit is targeted towards those responsible for licensing the music to popular streaming platforms such as Spotify and Apple.
Check out the interview below.
