Jay offered to turn down the role in exchange for the masters, but ultimately took the role and kept the rest of his catalog after Dame’s refusal, causing a rift that led to the demise of Roc-A-Fella at the height of its success.
Incidentally, it was a dispute over the publishing rights to Reasonable Doubt that ultimately caused Dash’s initial split with Jay-Z when Dash refused to sell Jay the album masters after the latter was offered a role as president of the parent label Island Def Jam. The lawsuit will continue, but the sale will not - for the time being. Every song belongs here, from timeless hits like 'Can't Knock the Hustle' to personal moments like 'Regrets. Unlike most of his subsequent albums, it's seamless. District Court Judge John Cronan sided with the label during a hearing this morning, noting Roc-A-Fella owns the copyright to the album. Reasonable Doubt stands out among Jay-Z's many albums and not entirely because it's his debut album. Dash says he was trying to sell his Roc-A-Fella stake, not the rights to Reasonable Doubt. This marks a new milestone in the history of NFT’s, entitling the new owner to future revenue generated by the unique asset.” The auction, which was set for June 23-25, was canceled after the label sent a warning letter to SuperFarm, but the label pursued additional legal action against Dash out of concern he’d attempt another sale on his own. District Court Judge John Cronan granted a temporary restraining order to Roc-A-Fella after the label sued Dash on June 18 over his alleged attempt to sell virtual ownership of the career-launching record.ĭash said that he wasn’t trying to sell the rights to the album, but his partner in the endeavor, SuperFarm, announced the NFT auction “of Damon‘s ownership of the copyright to Jay-Z’s first album Reasonable Doubt. In retrospect, it's hard to understand why: His skills are obvious, and the subject matter, while familiarthe perils and spoils of the drug tradeis rendered with a density that makes it feel new. According to The Hollywood Reporter, U.S. JAY-Z’s 1996 debut wasn’t an instant classic. This article was originally published by The Hollywood Reporter.The controversial NFT based on Jay-Z’s debut album Reasonable Doubt has been blocked by a judge as the lawsuit against Roc-A-Fella Records co-founder Damon Dash continues. Roc-A-Fella won’t have to put up a bond, but it will have to continue to fight as the parties will next debate whether the TRO becomes a preliminary injunction. Specifically, the judge said the label was likely to prevail on claims of breach of fiduciary duty, conversion, and unjust enrichment. Salinger stopped an unauthorized sequel to Catcher in the Rye. He also nodded as precedent to the case where J.D. He pointed to Jay-Z’s declaration that Roc-A-Fella owned copyright. Dash’s side has also commented about the dispute in the media where they said they really wanted to sell shares in Roc-A-Fella.Ĭronan said Jay-Z’s record label was likely to prevail on merits. Alex Spiro, representing the record company, answered, “A lot of it has to do with the uniqueness added to the unique industry.”ĭash and his lawyers didn’t show up for hearing, but Spiro said they were served papers and had previously responded to a cease and desist. District Court Judge John Cronan asked why monetary damages wouldn’t suffice. Roc-A-Fella Records Sues Co-Founder Damon Dash Over 'Reasonable Doubt' NFTĭuring a Tuesday morning hearing, U.S. The label was concerned Dash might still pursue a sale, so it asked the court to issue a temporary restraining order. This marks a new milestone in the history of NFT’s, entitling the new owner to future revenue generated by the unique asset.”Īn auction had been set for June 23-25, according to the complaint, but it was canceled after Roc-A-Fella sent a warning letter to SuperFarm. While Dash has disputed that he was trying to sell rights in the album, according to the complaint, investor platform SuperFarm made this announcement: “SuperFarm is proud to announce, in collaboration with Damon Dash, the auction of Damon‘s ownership of the copyright to Jay-Z’s first album Reasonable Doubt. NFTs, or non-fungible tokens, are effectively digital data that represents tangible items. The label sued its co-founder Damon Dash on June 18, alleging he was trying to sell virtual ownership of the Reasonable Doubt copyrights. Roc-A-Fella Records has convinced a New York federal judge that Jay-Z’s first album shouldn’t be sold as an NFT - at least for the time being.
0 kommentar(er)
