DAME DASH SEEMS TO BE SELLING HIS INTEREST IN JAY-Z’S DEBUT, DESPITE COURT RULING

Started by Detroit24, Jul 20, 2024, in Music Add to Reading List

  1. Detroit24
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    Joined: Feb 15, 2011

    Jul 20, 2024


    Dame Dash seems to be offering up his interest in JAY-Z‘s debut album, despite a 2022 court ruling.

    The embattled Roc-A-Fella Records co-founder took to Instagram on Friday (July 19) and posted a photo of Hova’s first album, Reasonable Doubt, alongside a promo photo of the duo alongside the label’s third founder, Kareem “Biggs” Burke.


    In the post, Dame wrote: “This s--- is for sale 1/3 … only real inquiries only.”

    The 2022 court ruling said that Dash was prohibited from selling any part of JAY’s classic debut without permission from Roc-A-Fella, but he was allowed to sell his 1/3rd stake in the overall business.


    The ruling read: “As between the Parties, RAF, Inc. [Roc-A-Fella Records] owns all rights to the album Reasonable Doubt, including its copyright, and this Judgment shall prohibit the altering in any way, sale, assignment, pledging, encumbering, contracting with regard to, or in any way disposing of RAF, Inc.’s property interest in Reasonable Doubt, including its copyright, and including through any means such as auctioning a non-fungible token reflecting, referring, or directing to such interest, unless duly authorized by RAF, Inc.; provided, however, that nothing in this Judgment shall prevent Dash from selling, assigning, pledging, encumbering, contracting with regard to, or in any way disposing of his one-third (1/3rd) ownership interest in RAF, Inc.”

    The lawsuit arose when Dame planned to auction off a stake in the album Reasonable Doubt as a non-fungible token (NFT) back in 2022.
     
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