Dame Dash recently confronted Lee Daniels for not repaying him $2 million. Dash confronted Daniels at a Diana Ross concert that took place at Hollywood Bowl earlier this month. A video released by Dash shows the confrontation where Dash asked Daniels about the $2 million. Daniels admitted to being wrong.
Dash was once considered a top mogul in rap during his days as CEO of Roc-A-Fella Records and also served as a producer for several film projects including Paid In Full and The Woodsman.
In 2004, Dash reportedly gave Daniels $2 million so that he could produce The Woodsman. The written agreement was suppose to give Dash executive producer credits, 50 percent of rights on the film and a guarantee that the investment would be repaid with interest from Daniels.
However, Daniels failed to repay Dash any money, according to a lawsuit. Dash initially agreed to drop a lawsuit in 2015 after Daniels said that he would include Dash in future films and TV projects. However, Dash was not included in top projects such as The Butler, “Empire,” and a Richard Pryor biopic.
The incident sheds light on how business between friends can go wrong. Dash helped Daniels as an aspiring filmmaker and never received any money. But after the release of the video of their confrontation, that has since gone viral, Daniels will likely be forced to repay.
On June 26, Dash filed a $5 million lawsuit against Daniels that can be read here.
I straight up loaned this dude Lee Daniels @theoriginalbigdaddy 2 million to pay for his dream of being a director…it was the money I was using to fund my movies and stay Indy…he promised I get my money back in months…then he makes precious and goes missing so he doesn’t have to pay me…then then Butler…empire…same shit Why does this dude feel like he doesn’t have to pay me?…why do I have to look crazy to get my money back…or go to court…ask @theoriginalbigdaddy why he doesn’t feel like he has to pay me even though he has it…what type of shit is this.. #paywhatyouowe I’m going to put this whole thing on my ig tv in a few… true definition of a culture vulture @culturevultures_book …eats off the culture but Robs the culture at the same time… see you back in court Lee your gonna pay me what you owe…please everyone ask him way he doesn’t think he has to pay me… @tmz_tv @vanlathan @theshaderoom @deadline @worldstar @voguemagazine @people @pagesix @oprah @halleberry