{"id":384345,"date":"2026-01-02T22:39:11","date_gmt":"2026-01-02T22:39:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/384345\/"},"modified":"2026-01-02T22:39:11","modified_gmt":"2026-01-02T22:39:11","slug":"why-dame-dash-sold-his-movie-company-for-100","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/384345\/","title":{"rendered":"Why Dame Dash Sold His Movie Company for $100"},"content":{"rendered":"

It appears music icon Damon \u201cDame\u201d Dash<\/a> is trying to do all he can to get himself out of debt\u2013including selling off some of his catalogue. But given the latest price he\u2019s just sold it at, it\u2019ll be awhile before he reaches his goals. Don\u2019t worry, we\u2019ll explain.<\/p>\n

As we\u2019ve reported before,<\/a> Dame owes multiple millions and has for some years now. In September 2025, he filed for Chapter 7 bankruptcy with later details coming out that he owed more than $25 million in taxes, child support and legal judgments.\u00a0Dame also reportedly owed $8.7 million in back taxes to New York State and the Internal Revenue Service. <\/p>\n

Additionally, the New York State Department of Taxation and Finance was also seeking $9.6 million; Los Angeles County was looking to grab $5.79 million and the New Jersey Division of Taxation is hoping to grab $3.5 million. He also reportedly owes at least $5 million in other civil suits. Prior to his bankruptcy filing, in November 2024, Dame also sold his share of Roc-A-Fella Records for only $1 million in an effort to pay off some of his back taxes.<\/p>\n

Now, it looks like he\u2019s once again letting go of another asset, only this time it\u2019s his production company, Poppington LLC, which was responsible for films like \u201cHonor Up,\u201d \u201cToo Honorable\u201d and more. The company was sold under a court oder in an effort \u201cto offset $1 million he owes from defamation lawsuits,\u201d according to the New York Post.<\/a><\/p>\n

However, because only one person showed up to the auction and didn\u2019t drive the bidding price up higher, Dame\u2019s LLC only sold for $100.50 and is now under the ownership of Mike Muntaser, who serves as the CEO of Muddy Water Motion Pictures. Muntaser also happens to be the person who Dame owes about $973,000 to after losing multiple civil suits over the years. <\/p>\n

The low price of Poppington LLC is also due to it reportedly being a \u201cdistressed asset\u201d<\/a> because of Dame\u2019s other lawsuits and long-term debts.<\/p>\n

Describing the purchase as a deliberate \u201cjab\u201d against Dame, Muntaser said of the hip-hop mogul: \u201cHe\u2019s just a problem. He has an ego. I think he\u2019s just bitter [coming] from where he was to where he is and he just blames everybody else and doesn\u2019t look at himself in the mirror.\u201d<\/p>\n

Muntaser also shared that the purchase was a way to get back at Dame for making him go through years of litigation and not working things out like \u201cgrown men.<\/p>\n

Dame\u2019s money situation was recently the topic of conversation on his September 2025 interview on \u201cThe Breakfast Club\u201d<\/a> where he didn\u2019t take too kindly to the insinuations that he was having money troubles. In fact, he pushed back on claims that he\u2019s broke, despite the fact that his own bankruptcy filing revealed that he had monthly expenses that equaled $5,200 but was bringing in no income.\u00a0Yet and still, the selling of his own assets do point to some sort of financial inconsistencies.<\/p>\n

Straight From \"The<\/p>\n

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