Dame Dash Forced To Sell His Streaming Network & Studio
Dame Dash Forced To Sell His Streaming Network & Studio. Damon Dash, also known as Dame Dash, an entrepreneur and co-founder of Roc-A-Fella Records, has been facing financial challenges in recent years. With debts piling up, Dash has decided to sell some of his assets to settle his financial obligations.
Dame Dash’s Financial Woes
Dame Dash Forced To Sell His Streaming Network & Studio.
Despite his success in the music industry and various business ventures, Dame faced numerous financial setbacks over the years.
All Hip Hop reports, Dame was ordered to sell his studio and streaming network. Now, the music mogul must pay creditors by using his financial assets.
Filmmaker Edwyna Brooks was awarded $78K from winning a lawsuit against Dame. Edwyna claimed Dame owed for copyright infringement in 2019.
Even though Dame countersued Edwyna, he lost. Therefore, Dame has to pay the judgment of $78,289 from 2020. To make matters worse, allegedly Dame dodged the payments, which totaled a significant amount.
As a result, the U.S. District Court for the Southern District of New York issued the judgment. Now, Dame’s wife, Raquel Horn, is allegedly forced to sell her share of “The Dash Group.”
Dame Dash Selling Assets To Clear Debts
Dame Dash’s current financial situation puts him in dire straits. America Nu streaming, the “CEO ByDash website”, and the children’s book “Dusko Goes To Space” will be sold.
Dame has been asked to fully cooperate by providing all the necessary documents. That means Dame will give access to company records. As we all know, Dame was allegedly forced to sell one-third of Roc-A-Fella Records shares.
While it may be a tough decision to let go of items with sentimental value, it is necessary. We are unsure how selling off most of his assets will impact Dame’s financial future.
Especially since most of what he owns is in question, hopefully, Dame can get a fresh start. As Dame Dash continues to sell off his assets to clear his debts, it serves as a reminder for us all.
Here is something we can all take away from Dame’s current financial trouble: pay what you owe. Otherwise, you could lose everything you have worked for.
Furthermore, Dame is facing further financial ruin in a $4 million defamation judgment lawsuit. It appears Dame owes for back taxes and other failed obligations.
Check out the video for more commentary.
Hip Hop News Uncensored. It’s the Leader in Hip Hop content on YouTube!
