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Death Row Records Back on the Auction Block
09 January 2009
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Rap label Death Row is going back on the auction block after the investment group who 'took over' music mogul Marion 'Suge' Knight's company ran out of cash.The assets of the label, which was once the home of Dr. Dre, Tupac Shakur and Snoop Dogg, will be sold off again on 15 January (09).Death Row initially filed for Chapter 11 protection in April 2006, and, after a series of stalled bids and failed takeovers, investment group Global Music agreed to buy Death Row in June 2007.But that deal has since collapsed because, according to label co-founder Lydia Harris, some potential investors were too scared of crossing ex-convict Knight.Harris, who started Death Row with Knight and her incarcerated ex-husband Michael Harris in 1991, won a large cash settlement deal in a court battle with Knight in 2005.According to Billboard.com, she remains one of many creditors who could benefit financially from the auction of Death Row assets.0Comments | Be the first to comment!
