Dame Dash Talks Financial Fall, "My Mistake Was Watching Everyone Else's Career"

J-Banks · 03-25-2009, 11:42 AM

Dame Dash Talks Financial Fall, "My Mistake Was Watching Everyone Else's Career"

Roc-A-Fella Records co-founder Damon Dash recently spoke on his highly publicized financial crunch and Jim Jones deserves so much of his attention.
Click here to find out more!

The hip-hop mogul discussed both his legal issues and admiration for the Byrd Gang leader.

"My mistake was watching everyone else's careers and not watching mine," Dame explained. "After being able to settle my wife's company, I was able to start doing other things. My first approach was the music business and getting with Jim Jones. At first I wanted to help him because I've known him since he was young and me listening to the album and thinking it was really good. I thought it deserved to be heard outside of the urban market. So I spent the last six months doing research, trying to figure out how to use all my resources to blow this out...I'm not in the community like I used to be. I just know that good records sell. But I also know I don't depend so much on record sales; I depend on the brand." (Billboard)

Dash is also working with Jones on projects outside the music.

This week saw the arrival of Jim Jones' "Hip-Hop Monolgues" at 37 Arts. In an MTV interview, Jones and Damon Dash express their desire to take the show to Broadway. Jones and Dash have a packed schedule in the coming months. They're currently deciding the proper venue to release the documentary "This Is Jim Jones" and then there's a movie based on Byrd Gang, but Dash says their aspiration is to eventually get "Hip-Hop Monologues" on Broadway. (MTV)

The Harlem-based rap figure's recent financial problems have been publicized for the past few years.

An August lawsuit claims Dash and wife Rachel Roy have failed to pay due amounts on their luxury Tribeca condos from January to August totaling $7.8 million, which has resulted in the early steps of foreclosure proceedings. Eastern Savings Bank claims the couple agreed to make monthly payments of $78,500 on the properties. (Associated Press)

Dash made headlines earlier this week when reports of Roy divorcing him came to light.

Rocawear co-founder Damon Dash has been slapped with divorce papers by wife Rachel Roy, the Daily News has learned. The stunningfashion designer piled onto Dash's already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for "nonmonetary relief" and should be resolved by February. (New York Daily News)

Source: Sohh

ny718 · 03-25-2009, 01:31 PM

He right... tryin to help those Dipset lames was a mistake. He still got cake so w/e he still aight

GMNRecordsCT3 · 03-26-2009, 09:02 AM

^^^

stay hatin

Damn so you tellin me Jim got more money than Dame now?

ny718 · 03-26-2009, 01:13 PM

Quote:

Originally Posted by GMNRecordsCT3

^^^

stay hatin

Damn so you tellin me Jim got more money than Dame now?

No you fuckin moron and if you knew how to read you'd see that

dumbass

03-25-2009, 11:42 AM	#1
J-Banks Super Moderator Join Date: Feb 2005 Location: Providence, RI Posts: 21,015 Repped: 5,294 Repped 53,425 Times in 7,839 Posts Blog Entries: 1 Neg Reps: 53 Neg Repped at 93 Times in 86 Posts	Dame Dash Talks Financial Fall, "My Mistake Was Watching Everyone Else's Career" Dame Dash Talks Financial Fall, "My Mistake Was Watching Everyone Else's Career" Dame Dash Talks Financial Fall, "My Mistake Was Watching Everyone Else's Career" Roc-A-Fella Records co-founder Damon Dash recently spoke on his highly publicized financial crunch and Jim Jones deserves so much of his attention. Click here to find out more! The hip-hop mogul discussed both his legal issues and admiration for the Byrd Gang leader. "My mistake was watching everyone else's careers and not watching mine," Dame explained. "After being able to settle my wife's company, I was able to start doing other things. My first approach was the music business and getting with Jim Jones. At first I wanted to help him because I've known him since he was young and me listening to the album and thinking it was really good. I thought it deserved to be heard outside of the urban market. So I spent the last six months doing research, trying to figure out how to use all my resources to blow this out...I'm not in the community like I used to be. I just know that good records sell. But I also know I don't depend so much on record sales; I depend on the brand." (Billboard) Dash is also working with Jones on projects outside the music. This week saw the arrival of Jim Jones' "Hip-Hop Monolgues" at 37 Arts. In an MTV interview, Jones and Damon Dash express their desire to take the show to Broadway. Jones and Dash have a packed schedule in the coming months. They're currently deciding the proper venue to release the documentary "This Is Jim Jones" and then there's a movie based on Byrd Gang, but Dash says their aspiration is to eventually get "Hip-Hop Monologues" on Broadway. (MTV) The Harlem-based rap figure's recent financial problems have been publicized for the past few years. An August lawsuit claims Dash and wife Rachel Roy have failed to pay due amounts on their luxury Tribeca condos from January to August totaling $7.8 million, which has resulted in the early steps of foreclosure proceedings. Eastern Savings Bank claims the couple agreed to make monthly payments of $78,500 on the properties. (Associated Press) Dash made headlines earlier this week when reports of Roy divorcing him came to light. Rocawear co-founder Damon Dash has been slapped with divorce papers by wife Rachel Roy, the Daily News has learned. The stunningfashion designer piled onto Dash's already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for "nonmonetary relief" and should be resolved by February. (New York Daily News) Source: Sohh __________________ JBanksblog.com - check it out __________________

03-26-2009, 09:02 AM	#3
GMNRecordsCT3 Macaroni wit the Cheeesse Join Date: May 2005 Location: Wash Heights, NYC Posts: 17,607 Repped: 6,779 Repped 2,309 Times in 618 Posts Neg Reps: 202 Neg Repped at 50 Times in 40 Posts	^^^ stay hatin Damn so you tellin me Jim got more money than Dame now? __________________ myspace.com/bummydavis - soundclick.com/gmnproductions "The name on my car insurance is YOUR FUKIN FAULT!!"

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03-25-2009, 01:31 PM	#2
ny718 Banned Join Date: Jan 2009 Location: Queens, NY Posts: 122 Repped: 4 Repped 9 Times in 6 Posts Neg Reps: 3 Neg Repped at 12 Times in 6 Posts	He right... tryin to help those Dipset lames was a mistake. He still got cake so w/e he still aight