Damon Sprint watched his movie manufacturing firm get bought for a measly $100.50 at a Tuesday courtroom public sale, however the Hip-Hop mogul’s monetary issues are removed from over.
The previous Roc-A-Fella Information co-founder’s Poppington LLC was put up for public sale to assist pay down greater than $1 million in damages from a number of defamation lawsuits. Just one bidder confirmed up.
Mike Muntaser, CEO of Muddy Water Movement Photos, positioned the successful bid in response to The Put up. Mockingly, Sprint owes Muddy Water Movement Photos over $4 million, which induced the public sale of his property.
The authorized battle began over their work on the unbiased movie Expensive Frank. In 2022, a New York jury discovered Sprint answerable for copyright infringement associated to the movie.
A federal choose later upheld that verdict. Webber additionally secured the separate $4 million defamation judgment after Sprint made statements about him on a enterprise podcast
The sale included rights to Sprint’s best-known movie, Honor Up, which starred Sprint, Cam’ron and Stacey Sprint. Different movies within the package deal had been the sequel Too Honorable, a documentary, Welcome to Blakroc and a private movie, We Went To China: Our Search For Like Minded People.
Sprint filed for chapter in September, claiming he had just a few thousand {dollars} regardless of owing $25 million in federal and state taxes, little one assist and different money owed.
Filmmaker Josh Webber will nonetheless be owed practically all of his $4 million judgment in opposition to Sprint after this public sale. The $100.50 sale barely makes a dent in what Sprint owes. The authorized battle already triggered the sale of his one-third stake in Roc-A-Fella Information for $1 million at public sale in November 2024. The state bought the shares to recuperate $8.7 million in again taxes owed by Sprint.
Jay-Z had tried to dam the sale by means of authorized motion, however the public sale went ahead anyway. The state now owns a bit of the corporate that launched Jay-Z’s debut album.
Sprint’s authorized issues continue to grow.
Josh Webber and lawyer Chris Brown filed a brand new $10 million lawsuit in opposition to Sprint in Los Angeles federal courtroom final week.
In response to courtroom papers, Webber had secured the $10 million settlement in August 2025. However the deal fell aside weeks later after Sprint appeared on The Breakfast Membership and made statements about Webber.
Sprint then despatched Webber a textual content message threatening to file a civil RICO case and demanding $100 million. He posted the message on Instagram with mocking captions.
The lawsuit says one investor demanded Webber be faraway from the “TORN” undertaking due to reputational danger from Sprint’s accusations.
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