Two weeks ago the auction date was set for Damon Dash's court ordered sell-off of his shares of Roc-A-Fella records [click here if you missed that].
In the meantime Jay Z has filed a legal notice asserting his claim on the company's biggest asset...
From TMZ
TMZ Hip Hop has learned Jay's attorneys just made a legal filing that might normally fly under the radar, but here's why it's suddenly very relevant. As we first reported, Dame's third of Roc-A-Fella is going up for auction later this month, and the label's only real asset is Jay-Z's 1996 album, "Reasonable Doubt."
While Roc-A-Fella currently holds the copyright on the record and all its tracks ... Jay's attorneys have now filed notice that those rights will revert to one Shawn Carter/"Jay-Z" in 2031.
Even though Jay and Dame ain't exactly vibing these days, this legal move isn't about revenge, it's just biz -- the rights would have gone back to Jay 35 years after the record was released, anyway. His lawyers have just filed the paperwork to make it official.
8 comments:
Dang they dont want Dame to eat!
Jay-Z those charges are coming your way. Sean Coombs wasn't the only evil Shawn.
It's business.
Dame should have sold his 3rd to Jay privately. His ego wouldn't allow it.
J made the hits.
Poor Dodo Dame Dash.
Still can't make a buck.
@4:35 Unfortunately the truth to this industry is quite dark n pure evil n with that truth comes the reality that Dame is more liquid than J n can move around much more freely.
J on paper is intellectual property nothing more Until the unspoken reality kicks in n u realize u only as good as your last procurement of u_der a_g victims etc ...
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Claim all your offspring, Mr. Carter.
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