Own a piece of Hip-Hop history? The shocking truth about Roc-A-Fella's sale
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Damon Dash's share of Roc-A-Fella Records is up for grabs, but potential buyers should be aware of the limitations that come with this purchase.
According to sources close to the sale, whoever acquires Dash's stake will only be a minority owner, lacking the authority to make major decisions within the company.
This means that even with ownership of assets like master recordings, any significant business moves will require approval from the majority stakeholders: Jay-Z and Kareem "Biggs" Burke.
Additionally, the value of the masters has a looming expiration date, limiting the potential revenue that can be generated.
Dash's 33.3 percent interest, set to be auctioned by U.S. Marshals in Manhattan on August 29, stems from a lawsuit loss of over $800k.
The highlight of this stake includes the iconic album "Reasonable Doubt," but leveraging this asset for profit without Jay-Z and Burke's consent may prove challenging.
This isn't the first time Dash has faced obstacles with Roc-A-Fella assets. His previous attempt to sell a "Reasonable Doubt" NFT was blocked, illustrating the complexities surrounding ownership and control within the label.
Prospective buyers, take note: while owning a piece of hip-hop history is tempting, navigating the associated restrictions and limited decision-making power could prove to be a significant challenge.
POLL |
2 AOUT | 1 ANSWERS Own a piece of Hip-Hop history? The shocking truth about Roc-A-Fella's sale Would you buy a stake in Roc-A-Fella Records knowing it comes with limitations? |
Yes, it's still a piece of history! | 0 | 0 % |
No, too many restrictions! | 0 | 0 % |
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