Death row assets for sale

From Billboard.com

The assets of Death Row Records, said to include master recordings of Tupac Shakur, Snoop Dogg and Dr. Dre, were auctioned yesterday (Jan. 15) for $18 million to Canadian development company WIDEawake Entertainment Group.

Because of the less-than-expected acquisition price, the only creditor likely to capture a return after lawyers and other Chapter 11 administrative fees are paid is the Internal Revenue Service.

That means other creditors, including unsecured ones like co-founder Lydia Harris, will be left out in the cold. Harris isn’t content with the verdict.

“This was all a scam from the beginning,” a disgruntled Harris tells Billboard. “Everyone wanted me to bring judgment down, and so I brought on the case. But now I’m not getting paid because I’m an unsecured creditor? Yet, administrators are getting paid and Suge [Knight]’s bills are still getting paid? If it wasn’t for me no one would be getting money. They made sure it happened this way because I was the biggest creditor. There must be some internal thing going on and I’m obviously not in on it.”

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