Damon Dash Sells Roc-A-Fella Movie Rights for $550,000 at Bankruptcy Auction
The profits will go toward repaying Dash's $25 million debts, including millions in unpaid taxes.
Production company Everlasting Films has acquired the life story rights of Damon Dash for $550,000 at a bankruptcy auction. The agreement was set forth in a court filing related to Dash's $25 million bankruptcy case, reported on October 21. The rights to commercialize Dash's life story, including his name, voice, image, and likeness, came with an exclusive ownership, as well as 100 hours of archival material from 1990 and the rights to a Roc-A-Fella movie project he had been developing.
Nonetheless, the deal did not encompass any ownership shares in Roc-A-Fella, a label Dash co-founded with Jay-Z and Kareem "Biggs" Burke in 1994. Dash's one-third share of the label, including royalties from Jay-Z's groundbreaking debut album Reasonable Doubt, had already been sold in 2024 to alleviate tax debts. Dash filed for bankruptcy in September, facing debts significantly surpassing his assets.
He disclosed only $100 in cash, along with some jewelry, clothes, and firearms valued at $4,250. His bankruptcy petition listed a total debt of $25.3 million, covering $19 million in unpaid New York, New Jersey, and California state taxes, $600,000 in child support payments, and nearly $5 million to movie producer Josh Webber for copyright infringement and defamation.
This bankruptcy case, a Chapter 7 proceeding, involves a court-appointed trustee liquidating Dash's assets to repay creditors, with any residual debts subsequently discharged.
Written by urgent.news from Billboard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
