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More Drama At Death Row Records, Lender Wants Their Money
By Miles Bennett ♦ Published 03/13/2010

Death Row RecordsDeath Row Records seems as though it's a curse these days. More dispute over owed money by the label's new owners was revealed recently.

According to a blog from the Wall Street Journal, lender New Solutions Capital Group is pleading for anyone to come bail them out, after they financed the purchase of Toronto-based WIDEawake Entertainment Group Inc.'s $18 million acquisition of Death Row out of bankruptcy back in January 2009.

Robert Thompson-So, of the lender group, said in a recent interview with Canadian Business that they've yet to see a dime from the loan, and things have "devolved into chaos" at the label, reports the Journal.

"If someone would pay the amount of the debt incurred plus a dollar, we're out," Thompson-So said, adding that the value of the debt is somewhere between $23 million and $25 million. "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."

The WSJ report says that a Canadian judge ruled in December 2009 that WIDEawake Chief Executive Lara Lavi has been barred from running Death Row until a further order, and a new president was appointed.

New Solutions is now preparing to take over the business, but it's something they don't want to do.

The news comes less than a month after Dr. Dre filed a lawsuit against the new owners of Death Row Records, claiming they still owe him back royalties from his 1996 debut, The Chronic. He also claimed they released a new version of the album without his permission.

Categories: Music        Tags:
  • changeclothz

    blame it on Pacs death...he took everything with him...hiphop and deathrow.

  • http://iamsoze.blogspot.com/ VENGEANCE IS MINE!!!!

    THE CURSE OF DEATH ROW????

    MAN, THIS IS TOO MUCH.....

    IF ROME FELL, WHY COULDN'T THE ROW????

  • b.k. da wrestler

    Moe ?hit,Moe Drama&Moe Worst Of Death Row

  • http://mr.mjfresh@gmail.com mercedes1010

    Dr.Dre should put the detox album out and dont worry about money he dont need!

  • @skullgizzy

    Dammmmmmmm Ha ! Now everyone should just de-throne death row &+ leave it be!

  • NP

    this waste comparing rome to the row...LMAO...thats like comparing pro wings to jordans sucka!

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