Dame Dash had been trying to sell his Roc-A-Fella shares for some time, but earlier this month, it was revealed that the U.S. Marshall would publicly auction off his 33.
3% interest in the company. The auction is scheduled for later this month, according to TMZ , and it looks like Jay-Z is getting prepared. Recently, the hitmaker's attorneys filed a notice that the rights to his 1996 album Reasonable Doubt will switch from Roc-A-Fella to Shawn Carter come 2031.
The outlet also notes that the rights would have gone back to Jay-Z 35 years after the album's release anyway. The filing simply makes it official. This means that whoever ends up winning the auction later this month will get one-third of Reasonable Doubt revenue for only about six years.
The minimum bid is $1.2 million. Read More: JAY-Z Recorded An Iconic Drake Feature After A Grueling Two Hour Show Jay-Z and Damon Dash backstage at the Z100 Jingle Ball 2001 at Madison Square Garden in New York City, Thursday, December 13, 2001.
Photo by Frank Micelotta/ImageDirect. Anyone interested in the auction has been encouraged to email Christopher Brown, Josh Webber's attorney. Webber and Muddy Waters Pictures won a massive civil suit against Dash back in 2022 over defamation and copyright infringement.
He's accused of telling people he owned the rights to the film Dear Frank , which Webber and Muddy Waters Pictures produced, despite having been dropped from the project. Reportedly, the auction is intended to cover the judgment.