Dame Dash’s Roc-A-Fella Stake Up For Auction By FEDS
Dame Dash’s Roc-A-Fella Stake Up For Auction By FEDS. The co-founder of Roc-A-Fella Records has recently announced that his stake in the iconic music label is up for auction. This stake represents Dash’s ownership in one of hip-hop history’s most influential and successful record labels. The auction presents a unique opportunity for music industry investors to acquire a piece of Roc-A-Fella’s legacy.
The Auction of Dame Dash’s Roc-A-Fella Stake
Dame Dash’s Roc-A-Fella Stake Up For Auction By FEDS.
According to XXL Mag, the FEDS allegedly forced Dame to auction off his Roc-A-Fella shares. This all came about when Dame allegedly lost a lawsuit.
Josh Webber entered a judgment against Dame in 2019. He filed a civil judgment of $800k, claiming the music mogul was released from the film Dear Frank.
At the time, Dame Dash was an executive producer of the film. Josh let Dame go, but he kept promoting the movie as his own.
Having said this, Josh allegedly sued Dame. Dame is reportedly forced to sell his 33.3 percent of Roc-A-Fella Records.
Jay-Z and Kareem “Biggs” Burke founded Roc-A-Fella Records in 1995, along with Dame.
The label quickly became prominent with its talented artists and groundbreaking releases.
Dash’s stake in the label represents his role in shaping the sound and direction of Roc-A-Fella during its formative years.
His stake is expected to draw interest from music industry insiders, collectors, and fans of Roc-A-Fella’s storied legacy.
If you don’t remember, the label launched the careers of artists such as Jay-Z and Kanye West.
Historical Opportunity For Music Industry Investors
For music industry investors, the auction of Dame Dash’s Roc-A-Fella stake represents a once-in-a-lifetime opportunity. You could become the owner of a piece of hip-hop history.
Roc-A-Fella Records played a pivotal role in shaping the sound and culture of hip-hop in the late 1990s and early 2000s. Its influence can still be felt in the music industry today.
Acquiring Dash’s stake in the label could give investors a unique entry point into hip-hop. TMZ reports anyone interested in purchasing Dame’s shares must put down 20 percent.
That amount equals around $240k. The 33.3 percent is reported to be at least $1.2 million. For anyone who can afford the shares, it’s a savvy investment.
But we are wondering if it will be Jay-Z who will purchase Dame’s shares. After all, he and Biggs own the rest of the record label.
By the way, Roc-A-Fella is no longer a record label. We have heard that Jay-Z’s ‘Reasonable Doubt’ is worth its weight in gold.
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