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Dame Dash Is Selling His Stake In 'Reasonable Doubt'

Goldie said:
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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 auctionlater 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.

So, what does this mean for the August 29 auction? Whoever ends up winning Dame's shares -- minimum bid is $1.2 million -- will enjoy one-third of all "Reasonable Doubt" revenues ... but only for about the next 6 years and change. Then it's all Jay's.
 
Agent_Ro said:
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 auctionlater 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.

So, what does this mean for the August 29 auction? Whoever ends up winning Dame's shares -- minimum bid is $1.2 million -- will enjoy one-third of all "Reasonable Doubt" revenues ... but only for about the next 6 years and change. Then it's all Jay's.
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So there's no point in anyone bidding.
 
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