Damon Dash

Damon Dash will soon add streaming mogul to his list of titles with the launch of a new movie streaming service similar to Netflix.(Courtesy photo)

Damon Dash, co-founder of Roc-A-Fella Records, will begin incorporating new media ventures into his investment portfolio, with the launch of a new streaming service.  The on-demand streaming site, similar to Netflix, and accessible through DameDashStudios.com, is scheduled to be unveiled on Sept. 1.

“Today is the day I walk it like I talk it,” he wrote via Instagram. “I put up my own money and invested in myself…my ability to direct as well as my ability to build the platform to present my art so no one can tell me what to do on any level.”

According to a press release, the service will be a collection of music, video and pop culture entertainment.

Dash, who sold his interest in Roc-A-Fella, has served as producer on more than 20 movie projects, including the critically acclaimed Woodsman, starring Kevin Bacon and Shadowboxer starring Helen Mirren and Cuba Gooding, Jr.  Subscriptions to the streaming service, which boasts content Dash is credited with producing, is $49.99 annually or $9.99 a month, with a 50 percent discount for the first year provided to subscribers who preorder before the Sept.1 launch.

“I have devoted my life to providing an authentic experience to pop culture without compromise,” said Dash. “Now my music, movies, documentaries and self-help training videos and books will be aggregated at a single, easy to access distribution point going live.”

Dash’s previous forays into other business ventures saw the successful launch of Rocawear clothing line in 1999.  In addition to the new streaming venture, Dash is expected to introduce a German Riesling wine, Dusko Blu later this year.  Dash is also currently producing, directing the film Mafietta, a television series based on the novellas of E.W. Brooks and is the CEO of BluRoc Records.

However, Dash has had problems in the past. According to TMZ, Dash, along with Kanye West, was recently sued for taking a New York music group’s name – Loisaidas ­– and tarnishing the meaning in a movie about murder, violence and drug sales. TMZ also reported that the music producer was sued for $1.5 million for profiting off another musicians work without permission in 2012.