Death Row On Auction Block Again
January 9, 2009 at 6:03 AM (PT)
Rap label DEATH ROW is going back on the auction block after the investment group that "took over" music mogul MARION 'SUGE' KNIGHT's company ran out of cash, reports CONTACTMUSIC.COM. The assets of the label, which was once the home of DR. DRE, TUPAC SHAKUR and SNOOP DOGG, will be sold off again on JANUARY 15th.
DEATH ROW initially filed for Chapter 11 protection in APRIL 2006, and, after a series of stalled bids and failed takeovers, investment group GLOBAL MUSIC agreed to buy DEATH ROW in JUNE 2007.
But that deal has since collapsed because, according to label co-founder LYDIA HARRIS, some potential investors were too scared of crossing ex-convict KNIGHT. HARRIS, who started DEATH ROW with KNIGHT and her incarcerated ex-husband MICHAEL HARRIS in 1991, won a large cash settlement deal in a court battle with KNIGHT in 2005.