Jay-Z Stakes Future Claim to ‘Reasonable Doubt’ Amid Damon Dash Auction

Abe Finklestein | August 12, 2024 | Abe unplugged | No Comments

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Jay-Z‘Reasonable Doubt’ Will Be All Mine!!!Note to Roc-A-Fella Bidders

Jay-Z is staking legal claim to the master recordings of his iconic debut album … and it’s a “buyer beware” notice, of sorts, to anyone getting ready to drop more than $1 million to buy Damon Dash‘s share of Roc-A-Fella Records.

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 auction later 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.

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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.

Of course, this could potentially have a chilling effect on how high the bidding goes.

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We broke the story … there would be a limited shelf life, financially speaking, for whoever wins the auction, and now Jay-Z’s declared the expiration date.

Clock’s ticking!

TMZ

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