It appears music icon Damon “Dame” Dash is trying to do all he can to get himself out of debt–including selling off some of his catalogue. But given the latest price he’s just sold it at, it’ll be awhile before he reaches his goals. Don’t worry, we’ll explain.
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As we’ve reported before, 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. Dame also reportedly owed $8.7 million in back taxes to New York State and the Internal Revenue Service.
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.
Now, it looks like he’s once again letting go of another asset, only this time it’s his production company, Poppington LLC, which was responsible for films like “Honor Up,” “Too Honorable” and more. The company was sold under a court oder in an effort “to offset $1 million he owes from defamation lawsuits,” according to the New York Post.
However, because only one person showed up to the auction and didn’t drive the bidding price up higher, Dame’s 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.
The low price of Poppington LLC is also due to it reportedly being a “distressed asset” because of Dame’s other lawsuits and long-term debts.
Describing the purchase as a deliberate “jab” against Dame, Muntaser said of the hip-hop mogul: “He’s just a problem. He has an ego. I think he’s just bitter [coming] from where he was to where he is and he just blames everybody else and doesn’t look at himself in the mirror.”
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 “grown men.
Dame’s money situation was recently the topic of conversation on his September 2025 interview on “The Breakfast Club” where he didn’t take too kindly to the insinuations that he was having money troubles. In fact, he pushed back on claims that he’s 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. Yet and still, the selling of his own assets do point to some sort of financial inconsistencies.
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