Roc-A-Fella Inc., the record label founded by Jay-Z and Dame Dash in 1995, has become synonymous with the rise of hip-hop and its transformation into a global cultural force. With its early signees such as Memphis Bleek and Beanie Sigel, Roc-A-Fella quickly established itself as a dominant player in the industry, delivering a string of critically acclaimed and commercially successful albums. Beyond music, the company expanded into film and fashion, solidifying Jay-Z’s position as a savvy businessman and one of the most influential figures in entertainment. Today, the Roc-A-Fella legacy continues to inspire new generations of artists and entrepreneurs, a testament to its lasting impact on the industry.
However, things took a turn for the worst when Roc-A-Fella co-founder Dame Dash tried to sell his stake in the company including his shares in Reasonable Doubt which was owned by Roc-A-Fella Inc. This resulted in Jay-Z suing Dame Dash.
During a recent appearance on VEUIT TV, Dash revealed that Jay-Z offered him a sum of money before he tried to get into the NFT space. However, he felt disrespected by Jay’s offer.
“I was offered a certain amount of money for my interest in Roc-A-Fella Inc., which owns Reasonable Doubt. They offered me like $1.5M – Jay-Z. And I was like, ‘That’s some disrespectful shit. So, I guess I gotta sell it someplace else.’”
This is when Dame’s cousin put him in touch with Ronald Sweeney who suggested that Dame look at other options such as NFT which offer a bigger payout than what Jay offered,
“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,” he added. He described the situation as “f*cked up.”
Despite the tension between the two men, Jay-Z applauded Dame Dash during his Rock & Roll Hall of Fame speech. Dash responded by saying he wants to bury the hatchet.
“It was beautiful,” he said, expressing gratitude that Jay did it “for the culture.” “We need to squash everything. So hopefully if that was an extended [olive branch] I’ll spin one back. I have no beef with [him] if [he has] no beef with me … let’s get the lawyers out of it then. Let’s talk like men.”
It’s good to see that the two former business partners were able to patch up and reach a settlement in the case. Stay tuned to Thirsty For News as we bring you similar news.
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