It appears that Death Row Records/WIDEawake Entertainment is still facing financial woes following their purchase of the label in early 2009.
The Wall Street Journal reports that New Solutions Capital Group, the company that helped WIDEawake finance the purchase of Death Row Records, is now in debt as a result of the purchase.
“If someone would pay the amount of the debt incurred plus a dollar, we’re out,” New Solutions Capital Group’s Robert Thompson-So told CanadianBusiness.com. “This is just another commercial loan transaction that started as a workout and continues to be a workout. Please – step up to the table and take us out.”
Aside from the debt incurred by the deal, New Solutions and WIDEawake are also battling over who gets control of Death Row.
In other Hip Hop news, the VH1 reality show Celebrity Rehab is hoping they can enlist rapper DMX for the next season of their show.
A lawyer for DMX, real name Earl Simmons, revealed to TMZ that a rep for the show reached out to him following the rapper’s arrest earlier this week.
The Celebrity Rehab rep is hoping that DMX can somehow be placed in their facility instead of being locked up. A rep for the show may possibly appear at DMX’s hearing to speak with a judge in regards to the rapper being brought to their facility.
http://www.reverbnation.com/artist/artist_videos/659615?sel_song_id=3407393&autoplay=1
i hope they can put him on the show instead of jail time.. keep ur head up x
that’s a shame that death row is still in debt. i appreciate what they’re doing lately with these albums by dr. dre, snoop dogg, kurupt, and danny boy
Because suge knows who killed pac and those demons will follow that name until it dies completely out and he repent and mean it.
fuck that show go get some real help X that shit is just what it is a show.
wow deathrow that name dont hold no dam water no more why want they start something new instead of trying to get paid off old shit i mean who would sign to deathrow after all the bs
all vh1 want is ratings dont do it x
I don’t think he knows how to get real help – this will be a stepping stone for him. It’s not the best but it better than jail and either which way they will make money off of him – that’s something that no one can control But GOD.
Boy I hope GOD works that out in his favor. I would love to see him clean and back in the studio full force.
VH1 is truly Shameless. Lucifer’s Favorite TV channel.
However, whatever happens with X, hopefully he can somehow come out of it clean, because the “X Fiend” is sad to watch.
i know what ya sayin about VH1, but i mean, TV rehab is better than jail…
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it was all good till he went gospel
yeah here we go again
Tell WideAwake to release a box set of EVERY unreleased 2pac song. That set would cover their debt.
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death row deserves what its going thru, karma is a bitch aint it suge!! yea were u at now!!! yo and my main man diddy is still all up in the videos!! and getting that cash money! haha u deserve to be broke!!
Tru karma is what it is..but bro, Death Row has nothing to do with Suge anymore. This article is about the new owners losing money, not Suge. His hands are washed of death row records, and sadly enough, Suge isn’t that broke. He still owns a 1.4 million dollar home in Las Vegas, and lives in another. The new owners of D.R. are actually broker than Suge hisself.
Just an FYI. Your post seems to insinuate that Suge still has something to do with the current state of Death Row Records, and is somehow losing money over it…Not the case. Have a good one.
keep doin wat u doin dawg u got it and fuck yeah suge knows who shot pac