Former Roc-A-Fella Records CEO Damon Dash has formed a new music company, the Damon Dash Music Group, with Kareem "Biggs" Burke. The two co-founded Roc-A-Fella with Jay-Z.

Former Roc-A-Fella Records CEO Damon Dash has formed a new music company, the Damon Dash Music Group, with Kareem "Biggs" Burke. The two co-founded Roc-A-Fella with Jay-Z.

The Damon Dash Music Group will be distributed by Universal Music Group, who will sign artists and act as an umbrella organization for various record labels. These labels include Dream Factory (a partnership with producer 7 Aurelius) and reggaeton label Militain Musica, to be launched with hip-hop artist N.O.R.E. (aka Noreaga).

There will also be partnerships with the Wu-Tang Clan and M.O.P./the First Family on yet-to-be-named separate record labels. The Wu-Tang Clan label will release a posthumous album from Ol' Dirty Bastard at a date to be determined.

At a Jan. 26 press conference in New York, Dash said he formed his new company to "empower people and music that I believe in...and that will be positive for our culture and community. I want to give them a chance to have vision."

As previously reported, last month Island Def Jam acquired the remaining 50% of Roc-A-Fella which Island Def Jam did not already own, and named Jay-Z president/CEO of Def Jam Records. Dash said at the press conference that he will still be involved with Roc-A-Fella and Def Jam as a consultant.

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