Dash sued Daniels for $25 million (£19 million) in 2014, claiming he loaned the filmmaker $2 million (£1.5 million) in 2004.
- Jun 30, 2018
AceShowbiz - Moviemaker Lee Daniels is planning to return cash he took from Damon Dash after a four-year legal tussle with the hip hop mogul, insisting it's "the right thing to do".
Dash sued Daniels for $25 million (£19 million) in 2014, claiming he loaned the filmmaker $2 million (£1.5 million) in 2004 in exchange for the rights to the films Precious and Lee Daniels' The Butler and TV show Empire, but insists he has not received any profits from the projects.
Damon and Lee settled in 2015, and, according to The Blast, Dash was promised co-executive producing credit on Daniels' upcoming Richard Pryor biopic, which stars Mike Epps, Oprah Winfrey, Eddie Murphy, and Kate Hudson. The 47-year-old claimed he was also promised five per cent of the profits from the film.
However, he insists Daniels is not holding up his end of the agreement and is failing to give him any updates about the production of the film. In a new suit, he is seeking $5 million in damages and a co-executive producer credit.
Dash confronted Daniels at a Diana Ross concert in June and the director has revealed he now plans to return the money to Damon.
"When nobody in Hollywood was giving me money, after my Academy Award... Damon's crazy a** was crazy enough to give me money for The Woodsman and for Shadowboxer," he says in an episode of Raq Rants, adding, "The investment for Shadowboxer didn't pay off."
"I am in the position now to get it (money) to him, so I'm going to get it to him because I think that's the right thing to do," Daniels adds. "It sadly took that wake-up call during Diana's Reach Out And Touch Somebody's Hand for me to realise that and for me to sit with myself. He was part of my journey, and for me to turn my back on that was wrong."
Dash has yet to respond.
