Keith Watson exposes Dame Dash - Reveals the REAL reason why Jay was made president of Def Jam *WOW*

[Mowgli]

Loud rich nikkas got low money

 

[Big Jo]

these early 2000s mid tier rap CEOs need to realize the well is dry

you can't make money on clothing lines, direct to DVD releases, music videos, all those prevelant hustles from that era. the internet has taken over for better or worse. sucks but the game has changed.

 

[☑︎#VoteDemocrat]

 

[☑︎#VoteDemocrat]

Loud rich nikkas got low money

You ain't gotta lie to kick it

 

[KillSpray]

I mean if he wasn't sick of Dame the split would not have happened. At that point, upon dissolution you would have to pay off all your creditors and employees. That dude explained it awkwardly though, if Dame was the one who owed Jay then why would Def Jam feel the need to do anything? He may have tried to oversimplify things or maybe I don't know about the structure of music labels. I guess since Def Jam owned half of Roc-a-fella, then they would owe Jay Z half of that. But dude definitely did not elaborate to a convincing extent. However, what he said about Dame's ownership quantities is likely to be true.

Yeah I thought it would be pretty obvisous Dame didn't have a majority stake in anything if they was splitting it 3 ways?maybe he didn't know that was common knowledge....and yeah I didn't quite get the royaltys thing,or if Dame would even be the person in charge of handling Jays royalties for anything outside of Reasonable Doubt?And dude made it seem like it was squarely on Dame to pay Jay the 68million... Also its hard to believe Jay didn't give a damn about his royalty checks for 8 albums,Hov mustve been stacking for real if he aint notice that....The radio host and the Keith Watson cat sound hostile,i thought these nikkas was in business with Dame themselves as heated as they sounded....Im trying to think of the last interview sumbody did that caused this much anger?Maybe them bytches who was accusing Bill Cosby come close,but that was 24 hrs at the most,this shyt is really sticking to nikkas ribs for some reason....maybe him and Dame can have CEO beef over the phone.

Here's the thing breh. Dame, Jay and Biggs were co owners of rocafella but Jay was also an artist on rocafella. Jay had multiple income streams as a result, publishing as a song writer, share of the profits of the company as an owner, show money, endorsements and appearances, etc, and that's all outside of his mechanical royalty on records sold.

What dude is saying actually makes a lot of sense. Figuring out the money that is generated from an album or even more complex,a career of albums is incredibly complicated, and requires extensive auditing, which means bringing in outside accounting firms etc to actually comb thru the accounting on a worldwide scale for an artist like Jay. Typically an audit of that scale will not happen until there is a dispute or falling out because it requires up front money just to do the audit. As a part owner, Jay would actually have to let the company incur a large expense of auditing to even determine his royalty, and in good times that probably want something he felt like doing, cause it would look like taking money out of his partners pockets to pay himself (and keep in mind everyone's eating, so it would actually just look greedy). So it actually makes a lot of sense that it wasn't until they were trying to dissolve the company and audit the finances that they would uncover things like that. The fact that Jay never took album royalties sounds crazy, but it's actually not that crazy when you consider he was also a part owner in the company, meaning he was sharing in company profits. It's similar to self employed individuals not taking a salary, or taking a very low salary. Ultimately you can cover most of your personal expenses thru the company revenue and you don't need to draw much of a salary from the company.

Now on the issue of the $68 mill coming up owed, that money would be owed to Jay by the company, not dame individually. But as owners of the company, each of their individual interest in the company has to be involved in paying off the debts of the company. In jays case, his ownership stake in the company is responsible, technically for 1/3 of the $68 Million debt, but it doesn't matter because he owes that money to himself. The other 2/3 of that money implicates dame and Biggs ownership stake. That's what dude was basically saying, but he wasn't bragging it all the way down.

 

[Firefly]

Here's the thing breh. Dame, Jay and Biggs were co owners of rocafella but Jay was also an artist on rocafella. Jay had multiple income streams as a result, publishing as a song writer, share of the profits of the company as an owner, show money, endorsements and appearances, etc, and that's all outside of his mechanical royalty on records sold.

What dude is saying actually makes a lot of sense. Figuring out the money that is generated from an album or even more complex,a career of albums is incredibly complicated, and requires extensive auditing, which means bringing in outside accounting firms etc to actually comb thru the accounting on a worldwide scale for an artist like Jay. Typically an audit of that scale will not happen until there is a dispute or falling out because it requires up front money just to do the audit. As a part owner, Jay would actually have to let the company incur a large expense of auditing to even determine his royalty, and in good times that probably want something he felt like doing, cause it would look like taking money out of his partners pockets to pay himself (and keep in mind everyone's eating, so it would actually just look greedy). So it actually makes a lot of sense that it wasn't until they were trying to dissolve the company and audit the finances that they would uncover things like that. The fact that Jay never took album royalties sounds crazy, but it's actually not that crazy when you consider he was also a part owner in the company, meaning he was sharing in company profits. It's similar to self employed individuals not taking a salary, or taking a very low salary. Ultimately you can cover most of your personal expenses thru the company revenue and you don't need to draw much of a salary from the company.

Now on the issue of the $68 mill coming up owed, that money would be owed to Jay by the company, not dame individually. But as owners of the company, each of their individual interest in the company has to be involved in paying off the debts of the company. In jays case, his ownership stake in the company is responsible, technically for 1/3 of the $68 Million debt, but it doesn't matter because he owes that money to himself. The other 2/3 of that money implicates dame and Biggs ownership stake. That's what dude was basically saying, but he wasn't bragging it all the way down.

Dame could use our help but I don't know if he would listen because you're a man( I assume) in here talking about other men............And you're doing it on social media. So Yeah, thanks for the insight but Dame would never listen to a dude like you.

 

[Frida Giezman]

If you're someone who sells 20 bags of weed for a living and engages in other petty hustles please stop all that career employee shyt you talking and kill yoself you're not a boss

 

[Formerly known as...]

Here's the thing breh. Dame, Jay and Biggs were co owners of rocafella but Jay was also an artist on rocafella. Jay had multiple income streams as a result, publishing as a song writer, share of the profits of the company as an owner, show money, endorsements and appearances, etc, and that's all outside of his mechanical royalty on records sold.

What dude is saying actually makes a lot of sense. Figuring out the money that is generated from an album or even more complex,a career of albums is incredibly complicated, and requires extensive auditing, which means bringing in outside accounting firms etc to actually comb thru the accounting on a worldwide scale for an artist like Jay. Typically an audit of that scale will not happen until there is a dispute or falling out because it requires up front money just to do the audit. As a part owner, Jay would actually have to let the company incur a large expense of auditing to even determine his royalty, and in good times that probably want something he felt like doing, cause it would look like taking money out of his partners pockets to pay himself (and keep in mind everyone's eating, so it would actually just look greedy). So it actually makes a lot of sense that it wasn't until they were trying to dissolve the company and audit the finances that they would uncover things like that. The fact that Jay never took album royalties sounds crazy, but it's actually not that crazy when you consider he was also a part owner in the company, meaning he was sharing in company profits. It's similar to self employed individuals not taking a salary, or taking a very low salary. Ultimately you can cover most of your personal expenses thru the company revenue and you don't need to draw much of a salary from the company.

Now on the issue of the $68 mill coming up owed, that money would be owed to Jay by the company, not dame individually. But as owners of the company, each of their individual interest in the company has to be involved in paying off the debts of the company. In jays case, his ownership stake in the company is responsible, technically for 1/3 of the $68 Million debt, but it doesn't matter because he owes that money to himself. The other 2/3 of that money implicates dame and Biggs ownership stake. That's what dude was basically saying, but he wasn't bragging it all the way down.

Good breakdown.

Somewhere along the line Dame fukked himself up because he should be in a much more comfortable state right now considering how much he had. I don't think he intentionally screwed Jay of money but Jay always had leverage because he was the product! It's easy for Jay to surround himself with other business dudes and continue to make hits...for Dame he had to try and find another Jay which isnt easy.

Dame's money management back when Roc was hot must have been awful, he was probably living off the 'Well Jay releases a number 1 album yearly, I got money coming in from that' but when Jay left he was fukked and the income slowed up but his expenditure was probably still through the roof, he seems to proud to ask for help.

 

[J-Fire]

envy asked him about the process of getting to ownership level.....
now he has a process and is willing to charge for a class on the process from his perspective.....


dude is walking click bait.

 

[J-Fire]

Good breakdown.

Somewhere along the line Dame fukked himself up because he should be in a much more comfortable state right now considering how much he had. I don't think he intentionally screwed Jay of money but Jay always had leverage because he was the product! It's easy for Jay to surround himself with other business dudes and continue to make hits...for Dame he had to try and find another Jay which isnt easy.

Dame's money management back when Roc was hot must have been awful, he was probably living off the 'Well Jay releases a number 1 album yearly, I got money coming in from that' but when Jay left he was fukked and the income slowed up but his expenditure was probably still through the roof, he seems to proud to ask for help.

he got kanye funding his movies and working on a deal with him to go after complex mag, lol. i'm sure he didn't flat out ask kanye for help....but i'm sure he asked him to join him in a "creative project" that would benefit them both.

 

[ExodusNirvana]

"Real men don't talk about other men"...Chatty patty ass nikka...:drakewtf:

My dude did you really photoshop Drake's head on to 50 Cent's body???

 

[Robbie3000]

Dame fukked up by attacking 90% of the people who cash paychecks.

 

[Julius Skrrvin]

 

[Formerly known as...]

he got kanye funding his movies and working on a deal with him to go after complex mag, lol. i'm sure he didn't flat out ask kanye for help....but i'm sure he asked him to join him in a "creative project" that would benefit them both.

Not just now but in the past.

I don't envision dame asking the likes of Lyor etc for favours but if dude treated people better back when then there would be more doors open to him.

Only so many people you can burn in the end. Jay did the right thing, didnt beef with him just moved away from him.

 

[NYC Rebel]

When I heard he couldn't pay his AAU team years back, I knew he had issues.

Harlem seems to know about much of this.