DX News Bits: Death Row Records, DMX
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.
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