Jay-Z is in the process of unwinding his partnership with Roc-A-Fella Records, The Post reports. The two will fold their label into Island Def Jam, and refocus it as a small-imprint label, according to sources. Damon “Dame” Dash claimed that Jigga offered him a measly $1.5 million for his stake in Roc-A-Fella.
Damon wants a respectable offer
Dame Dash co-founded Roc-A-Fella with Jay Z and Kareem Burke back in 1995. The pair helped Jay become an international star with his hot debut album, Reasonable Doubt. While Jay’s raps were often criticized, the album as a whole was an enormous success and launched him to the top of the hip-hop charts.
Damon’s importance in the ascension of Hova is undeniable.
The Post also reported that Jay-Z is in negotiations with Universal for a top executive job there, and that he has also been talking about joining Warner Music Group. He could get either an executive post or his own label at Warner, which has a deal with the former Def Jam CEO Lyor Cohen.
Jay’s consistent rise
After launching a major career with his breakout album Reasonable Doubt, Hove didn’t stop there. Following his hot start, Jay Z went on to create classics like The Blueprint 2, 4:44, American Gangster, and much more.
Dame Dash isn’t flattered by the billionaire
Dame Dash isn’t happy with the way the negotiations over his stake are going. He’s disappointed, and has expressed that he’s not going to take it lying down. According to Dash, Jay-Z made a lowball offer for his shares in the label before ultimately filing a lawsuit against him.
Partial Tidal owner Jay-Z takes Dame to court
As you may recall, the two had a falling out over Dash’s attempt to auction Jay-Z’s debut album, Reasonable Doubt, as an NFT (non-fungible token) without his consent. Eventually, they settled their lawsuit and Dash agreed not to try to sell his stake in the label again.
They know these lawsuits are petty
It’s a good thing that the rapper and his label have settled their long-standing legal feud. Despite the legal battle, it’s clear that both parties want to move on from this matter as quickly as possible and focus their energy elsewhere.
The drama needs to come to an end
In a recent sit-down with VUIT TV, Dash spoke about the ongoing legal drama. He said that Jay-Z offered him $1.5 million for his stake in Roc-A-Fella, but he turned it down because the offer was too low.
Many want both sides to settle their differences.
Dash has a point and he’s also right that the legal back and forth is getting confusing. It’s difficult to know exactly what the two sides are trying to accomplish, and it’s hard to tell whether they have a legitimate case or not.
The court is still out
If the court decides that Dash has a valid case, the rapper will have to pay him for his shares in Roc-A-Fella. Jay and his lawyers are taking this matter seriously and ensuring that the rapper’s rights are protected.
What do you think?
Was Jay-Z right to take Dame to court? Is this whole legal trial just a big petty mess that needs to come to an end? Was The Blueprint 2 one of Jay-Z’s best projects? Do you use Tidal? Let me know your thoughts in the comments below!
