Jay-Z Is Suing Dame Dash. These former friends have real issues. And, unfortunately, this news may make things worst.
Jay is suing over Roc- A- Fella NFT
You would think by now Jay and Dame would have buried the hatch, so to speak. But that does not seem possible.
According to Entertainment News Jay’s “Reasonable Doubt” may be sold at auction by Dame. However, it appears Dame may not have the right to sell the NFT.
Because Jay’s attorney disputes any ownership rights by Dame. The NFT was scheduled to be sold at auction on June 23 but it was canceled.
So, now the rumor is Dame is frantically trying to find another auction to sell it. Of course, that is the account from Jay’s attorney.
On the other hand, Dame responded with this:
According to TMZ’s new report, Dash said that in March Jay-Z tried to buy his one-third share of Roc-A-Fella at “a price I deemed unacceptable.” Dash is now looking for a new buyer, according to TMZ. Dash told the outlet: “Under the terms of the deal with a potential buyer, the buyer would buy my share of Roc a Fella Records and Jay-Z will have exclusive administration rights.”
It appears to be a discrepancy in who owns what. When these sorts of things happen the court usually decides. This is why attorneys are now involved.
Here is a major reason why Jay and Dame parted ways
Roc-A-Fella Records were formed because Jay and Dame were having difficulty with someone signing artists. In 1995 the young men decided to create their own label.
In an article by Robert Blair on Hot New Hip Hop he talked about the issues that led to the demise of the label.
Both men had differences in their approach to business. Also, both men didn’t have the same vision for the label. In addition, there was contention among the artist, as well.
Check out the video above for more details.