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Damon Dash: Loses Another Company

Posted Sep 2nd 2008 2:11PM by Brennan Williams
Filed under: Entertainment Newswire, Entertainment

By Brennan Williams, BlackVoices.com


It appears the days of Roc-A-Fella Records co-founder Damon Dash shaking bottles of Cristal in music videos are long gone!

Since the mogul has severed ties with ex-business partner Jay-Z in 2004 he has had a rough time keeping his head above water to say the least.

Earlier this year Dash was slapped in the head with a petition from Linda Williams (the mother of his 16-year old son Damon Dash II), claiming he owed her money for child support and for being reluctant to put $10 million into a trust fund for the teen.

Not to mention his two Manhattan apartments in jeopardy of going into foreclosure.

Just a few weeks ago Eastern Savings Bank filed court papers stating that the ex-Roc-A-Fella executive and his wife Rachel Roy has failed to make monthly payments of $78,500 and owe them $7.3 million.

Times are hard, don't you think?

And to make matters even worse, Dash has also lost his shoe company, Pro-Keds.

Damn!

Black Music Notes June 26

    6/26/08: Jill Scott
    Jill Scott's latest album 'The Real Thing' is coming to a television screen near you. And it's going to be a sight for your eyes and a pleasure to your ears. On June 29, TV One will premiere an original music concert special featuring the neo-soul high priestess in all of her glory. Titled 'Jill Scott: The Real Thing Tour (Live in Philly),' the one-hour special features the two-time Grammy Award winning wunderkind performing a mix of her classic hits such as 'A Long Walk' and 'The Way,' juxtaposed with material from her newer projects, including the inspirational anthem 'Golden' and the tell-it-like-it-is, take-no-prisoners 'Hate On Me.' The special (Scott's very first) was filmed in March 2008 at the Liacouris Center in Philadelphia. Encore airings of the show are scheduled to air on July 3, July 5, and July 11.

    Wire Image

    6/26/08: D'Angelo
    Despite going through legal woes over the past few years, neo-soul originator D'Angelo is back in the studio working on a new album. According to 'Billboard,' the singer is expected to release his new as-yet-untitled album next year on J Records. The company bought out his contract in 2005 from Virgin Records (who released his first two albums). Fans can expect the man legally known as Michael D'Angelo Archer to hook up with Raphael Saadiq once again, the two previously worked together on Saadiq's 2002 hit 'Be Here.' Although the album is still in its early stages, the 'Brown Sugar' crooner has plans to also land John Mayer on the opus, with a single to hit the airwaves by the end of the year. Until that time comes, fans can catch some of D'Angelo in his former glory with the recently released compilation, 'The Best So Far,' featuring hits, rarities and previously unreleased videos.

    Image Direct

    6/26/08: Gerald Albright
    This week, one of the most sought after saxophonists in contemporary jazz, Gerald Albright, will release his eleventh solo project titled, 'Sax for Stax.' The set features eight covers from the Stax Records catalog , in addition to three originals written by Albright. The multi-talented sax player reached out to vocalists Will Downing, Ledisi, and Philip Bailey to help recapture classic music such as Issac Hayes' top five hit 'Never Can Say Goodbye' and the Staple Singers' hit 'Respect Yourself.' "I went through two box sets with over 20 CDs to pick songs that felt good and would work well melodically for the saxophone," Albright said.

    Wire Image

    6/26/08: Swizz Beatz
    Just last year super-producer Swizz Beatz was hospitalized for exhaustion, and by the looks of it hasn't slowed him down a bit. The hip-hop hit-maker has been in the studio crafting hits for Jay-Z, G-Unit, Ludacris, T.I. , Alicia Keys, and surprisingly the icon himself Michael Jackson. The Bronx native (legally known as Kasseem Dean) recently revealed his plans to not only produce some music for the King of Pop, but produce his tour as well. "I'm probably gonna be producing his tour and everything," he explained to 'MTV.' "I'm designing planes for Gulf Stream and everything. They called me. I'm around different people. I'm around billionaires. I'm around people like that." This October Swizz Beatz plans to release his new studio opus entitled, 'Life After the Party.'

    Film Magic

    6/26/08: Erykah Badu
    This fall, Erykah Badu is planning on bringing some of her voodoo experiences on the road the neo-soul diva was recently added to the tenth annual "Voodoo Experience Festival," held October 24-26 in New Orleans. In addition to Badu, Wyclef Jean, Joss Stone, and Lupe Fiasco are among the other acts on board to join alternative rock headliners R.E.M. , Nine Inch Nails and Stone Temple Pilots. Tickets are priced at $115, while a three-day VIP pass will available for a whopping $450.

    AP

    6/26/08: Ludacris
    Trying to maintain a successful career in the music industry as well as Hollywood can be a bit strenuous for some rappers. But not Ludacris! Luda (as he is also known as) not only has his new album, 'Theater of the Mind' slated to hit stores in September, he's also in the process of filming a few movies. On Halloween, the actor/rapper will be appearing in Guy Ritchie's new film 'RocknRolla.' He also recently finished shooting 'Max Payne,' a crime thriller fronted by Mark Wahlberg. When asked which profession he likes most, he simply replied: "Music is still my number-one love. I just balance a lot of different things now." Hollywood is still calling him, though. To date, Ludacris has starred in the Academy Award winning movie 'Crash,' the John Singleton-produced 'Hustle & Flow' and 'Fred Clause,' alongside Vince Vaughan.

    Wire Image

    6/26/08: Ne-Yo/Keyshia Cole
    The 2008 Reggae Sumfest is guaranteed to kick off with a bang! On July 18, new-school R&B superstars Ne-Yo and Keyshia Cole are tapped to headline this year's international night at the Montego Bay festival, which takes place from July 13-19. Reggae Sumfest will also showcase the best of the best in Dancehall and Reggae music including Beenie Man, Bounty Killer, Elephant Man, and Lady Saw, among many others.

    Film Magic

    6/26/08: Will.I.Am
    Crafting hit music for The Black Eyed Peas and Justin Timberlake can only inspire an artist/producer such as Will.I.Am (born William James Adams Jr.)to go beyond the music industry. Fans can expect to see the Black Eyed Peas front-man in the forthcoming X-Men movie, 'X-Men Origins: Wolverine,' playing a role opposite of Hugh Jackman. Will.I.Am recently revealed to 'MTV News' that the character he'll be playing is a teleporter by the name of John Wraith. In addition to 'X-Men,' the producer also landed a role in the 'Madagascar' sequel. "With 'Madagascar 2,' I think there has to be an angel or something or my grandma's prayers guiding that," he says. "It's pretty, pretty dope. And I'm grateful and happy about it all." 'X-Men Origins: Wolverine' is expected to hit theaters in May 2009.

    Wire Image

    6/26/08: Mashonda
    After releasing her debut album 'January Joy' internationally, Mashonda returns with two new singles 'All or Nothing' and 'No Panties' from her forthcoming untitled album. The Harlem reared singer describes her first single 'No Panties' as being "all about giving your man whatever he desires; no limits." In addition to her new music hitting the radio airwaves, the ex Mrs. Swizz Beatz (real name: Mashonda Tifrere-Dean) is the creative director and model for an upcoming coffee table book entitled, 'Alter Ego Revealed.' Mashonda's new album is set to drop in early next year.

    Wire Image

    6/26/08: Lauryn Hill/Kanye West
    'Entertainment Weekly' magazine recently unveiled its 'New Classics' list in which they ranked the best in music, movies, TV shows, and books from over the past 25 years. Lauryn Hill's mega-selling solo debut 'The Miseducation of Lauryn Hill' landed at number two slot behind Prince's timeless classic 'Purple Rain,' which held down the top spot. Other artist that made the list included Kanye West (No. 4), Jay-Z (No. 7), Outkast (No. 12), Beyonce (No. 19), Mariah Carey (No. 21), Nas (No. 28), and The Notorious B.I.G (No. 40), among many others.

    Getty Images/Film Magic


The 'Boston Herald' reports Stride Rite Corp has reacquired the shoe brand from Dash, who had purchased the licensing rights four years ago for an undisclosed amount.

Apparently the mogul's recent money woes had nothing to do with the company's rebranding decision.

According to Stride Rite spokeswoman Debra Fernandes the company "just wanted a new direction" and "It was just a matter of timing."

This November Stride Rite will kick off their new Pro-Keds line featuring classic styles updated with new materials and colors.

Limited edition lines are also scheduled for release in the future.


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Reader Comments

(Page 1)

1. I could never stand him or his sister or cousin Stacey Dash. They are so stuck on themselves and I am glad both are washed up. Arrogant as can be.

peaches at 3:43PM on Sep 2nd 2008

2. Too bad...but why does he always look so sloppy..even in a suit

Li at 3:48PM on Sep 2nd 2008

3. This brotha can't catch a break, I hope he paid his taxes.

Lola at 4:47PM on Sep 2nd 2008

4. Hey Dame, bumpy face...try Pro Activ!! It works baby!!

A Cool Brother at 4:54PM on Sep 2nd 2008

5. the AOL style blog "Rocawear Evolution ad featuring actress Joy Bryant"

advice for Joy Bryant - Don't take any checks from Damon Dash or Rachel Roy and make them pay you up front.

Truthfully at 5:15PM on Sep 2nd 2008

6. What goes up must comes down... I could care less about Dash and his problems. He had all the money in the world and what did he do. He purchase unecessary shit. Wasted money on so much bullshit it's unreal. These fools could have attempted to change the direction of the black community but yet all they did was waste time and money on bullshit... Who cares.

Blacklace101 at 7:49AM on Sep 3rd 2008

7. I feel really bad for him, its not easy going through hard times. As African Americans I'd think that we could show a little support and encouragement instead of glee at seeing a big wig brought down. I think the industry is fickle and I think he can make a comeback.

I just remember how happy he made my favorite artist Aaliyah, whoever made her happy is ok in my book.

Thicky at 3:25PM on Sep 3rd 2008

8. that dude was jerk and got what he deserved. i feel he forgot his roots and forgot about responsibility

j at 4:36PM on Sep 3rd 2008

9. "I heard n****s saying they made Hov. Made Hove? OK so make another Hov!!!" Jay Z, Lost One

Roz at 6:01PM on Sep 3rd 2008

10. Thats what you get for shytting on the black woman,the mother of your child.No good will come to fools like yourself,have some respect from whence you cometh.
Ask Your current wife how is she enjoying the view now with her santeria,RIP Aliyah.

BlackSoul at 3:40AM on Sep 4th 2008

11. Dame you better get your act together before you go bankrupt.

Ejwill at 11:54AM on Sep 4th 2008

12. Like my mother always says, "a fool and his money shall part."

Mrs. Rodriguez at 1:51PM on Sep 4th 2008

13. Its a total wrap for Dame. He should have never stopped riding the coatails of Hov.

Kenny Patt at 5:36PM on Sep 4th 2008

14. I wouldve thought a "comeback" was possible if it wasn't for that horrible failure of a "reality show" he did on BET where he was supposed to be some type of Diddy/Trump mentor showing men how to be moguls. Not that there are many WILDLY SUCCESSFUL shows coming off BET but I don't even remember the name nor did we here ANYTHING more from him until this story.

Ray at 9:06PM on Sep 4th 2008

15. That's exactly what this "Baby Daddy" and so talented brother deserves. He's been so richly blessed, but greed, squander, and a lack of integrity will drag him to his knees.

tashamarshal at 3:15PM on Sep 5th 2008

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