Author Topic: GMG DOESN'T OWN DEATHROW ???? GUESS NOT (Read 547 times)

DPGC23 · « **on:** August 25, 2008, 07:51:12 AM »

WTF MAN???

Global Music Groups $24 million dollar June acquisition of Death Row has been terminated, according to a lawsuit filed in bankruptcy court by Suge Knights estate and the trustees of Death Row Records. The complaint details that Global Music Group failed to consummate the acquisition of the label as required by a deadline of July 23, 2008, or by the forbearance extension date of July 29. The lawsuit goes on to state that -since July 29, GMG -Global Music Group- has continued to fail to forward the purchase money, instead making a number of requests for extension, none of which has been granted by the Trustees.- GMG attempted to negotiate further extensions with the Death Row trustees on August 15, only to be rebuffed with a termination letter calling the deal off. The trustees of Death Row and Suge Knights estate are now requesting that the courts allow the label to again negotiate with other potential buyers.

DPGC23

Tha Magus · « **Reply #1 on:** August 25, 2008, 07:52:58 AM »

Source?

pootypooty · « **Reply #2 on:** August 25, 2008, 08:19:34 AM »

Quote from: Tha Magus on August 25, 2008, 07:52:58 AM

Source?

http://allhiphop.com/stories/news/archive/2008/08/25/20444031.aspx

D-Stress · « **Reply #3 on:** August 25, 2008, 12:52:50 PM »

all the talk about albums gettn released etc. is nothing now?

The "Untouchable" DJR · « **Reply #4 on:** August 25, 2008, 03:57:02 PM »

Hahaha!!

Quote from: Tha Psycho Hustla on August 25, 2008, 12:52:50 PM

all the talk about albums gettn released etc. is nothing now?

Kilo2 · « **Reply #5 on:** August 25, 2008, 03:59:18 PM »

Quote from: The "Untouchable" DJR on August 25, 2008, 03:57:02 PM

Hahaha!!

Quote from: Tha Psycho Hustla on August 25, 2008, 12:52:50 PM
all the talk about albums gettn released etc. is nothing now?

It's all Suge bullshit, the money was ready but the people refused to turn over music. I won't believe shit till Billboard or MTV covers it.

The "Untouchable" DJR · « **Reply #6 on:** August 25, 2008, 04:13:30 PM »

Quote from: Kilo2 on August 25, 2008, 03:59:18 PM

Quote from: The "Untouchable" DJR on August 25, 2008, 03:57:02 PM
Hahaha!!

Quote from: Tha Psycho Hustla on August 25, 2008, 12:52:50 PM
all the talk about albums gettn released etc. is nothing now?

the people refused to turn over music.

Good.

Muthafuck GMG.

Quadruple OG · « **Reply #7 on:** August 25, 2008, 04:38:09 PM »

Suge should just leak everything so that people will stop coming onto these boards bragging about songs they may or may not have. Plus it'd diminish the $24 million they paid for the catalogue

DPGC23 · « **Reply #8 on:** August 25, 2008, 06:59:21 PM »

IHATE WEN FUKERS SAY OHHH IGOTTHISSONG
OH IGOT THAT SONG
OHYEA???
WELL UP IT UP ASSHOLES

DPGC23

Jimmy H. · « **Reply #9 on:** August 25, 2008, 07:06:37 PM »

Quote from: Reality Check on August 25, 2008, 04:38:09 PM

Suge should just leak everything so that people will stop coming onto these boards bragging about songs they may or may not have. Plus it'd diminish the $24 million they paid for the catalogue

It won't diminish anything though. The unreleased stuff is scraps compared to owning the masters and publishing rights to Chronic, Doggystyle, and all that 2Pac stuff. If the GMG deal falls through, someone else will just come through and buy it. We're talking about a multi-million dollar catalog here.

Kilo2 · « **Reply #10 on:** August 26, 2008, 03:44:19 AM »

Quote from: Reality Check on August 25, 2008, 04:38:09 PM

Suge should just leak everything so that people will stop coming onto these boards bragging about songs they may or may not have. Plus it'd diminish the $24 million they paid for the catalogue

He still wouldn't have everything, keep in mind Death Row's masters were being stolen all the time. So there's still tons of material out there that isn't being sold, that's in the artists hands.