Days after rap legend DMX died, rumors spread that Jay Z and Beyonce purchased his masters for his 15 children.
However, DMX's family says the rumors are not true.
DMX, real name Earl Simmons, died a week after he allegedly overdosed on drugs. He was 50.
Rumors swirled that Jay Z and his wife, Beyonce snapped up the late rapper's master recordings for $10 million as part of a lucrative deal.
Streams and downloads of DMX's songs soared after his death. A total of 75.7 million audio and video streams were counted on April 9 and 10, WENN.com reported.
Rumor had it that Jay and Bey planned to split the proceeds from the streaming sales with DMX's 15 children.
But the late rapper's family members shot down the rumors.
"No one has bought Earl's masters," the family said in a statement to Billboard.
The family also urged fans to be aware of anyone selling merchandise to raise funds for DMX's funeral.
"Additionally, we are not selling any merch (merchandise) or raising money for Earl's funeral. If anyone is requesting for money for his funeral please be aware the person is a scammer. We will keep the public posted on funeral/memorial service arrangements."
In a separate statement to Complex, DMX's family said: "There have been a few rumors following our loved one, Earl Simmons', passing that we'd like to clear up. No one has bought Earl’s masters."
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New York radio host Charlamagne the god claims Kanye West is in debt to Big Sean, an artist on his G.O.O.D. Music label.
Kanye went on a Twitter.com rant, denouncing Universal Music Group for refusing to give him ownership of his masters.
In a series of tweets over several days, Kanye posted his entire contract on Twitter. The 43-year-old mega producer tweeted a video that showed him urinating on one of his 21 Grammy Awards submerged in a toilet bowl.
But Charlamagne insists that Kanye West doesn't treat his own artists the way he wants to be treated by the overlords at UMG.
During a recent Breakfast Club "Rumor Report" segment, Charlamagne claimed Kanye owes Big Sean millions of dollars while keeping 50% of the rapper's royalties and profits.
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"The restraint Big Sean shows to Kanye West is remarkable," Charlemagne said. "I hope one day Big Sean tells his story, but just know Kanye West owes Big Sean a whole lot of money and he got Big Sean in a very terrible contract to be out here screaming about giving folks their masters back."
Charlamagne wasn't done. He said Kanye won't help his own artists get their masters back.
"Kanye West owes Big Sean $3 million, Kanye West gets half of Sean's profits and half of Sean's royalties, and Kanye wouldn't agree to Big Sean getting his masters back from Def Jam... Kanye needs to do right by Big Sean."
A shady record label intern who somehow got his hands on a collection of Jay Z master recordings worth an estimated $30 million demanded $110,000 from Jay Z to get the recordings back.
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