Music executive Dapper Damm has firmly denied claims that he sold the catalogues of artists signed to his label, insisting that no artist's catalogue has been sold to a distributor, third party, or anyone else. In a new statement addressing the allegations surrounding his label, Dapper also clarified how the revenue figures being circulated online should be understood.
Revenue Figures Explained as Gross, Not Net
Dapper explained that catalogue revenue figures quoted online are gross figures and do not represent the amount ultimately payable to an artist. According to him, streaming platforms and distributors take their respective shares before other costs advanced by the label are recouped. This clarification aims to address widespread confusion about the financial figures that have been shared on social media and other platforms.
Label Investments Exceed Earnings
Dapper claimed that the label's investments in the artists exceeded the earnings generated, leaving some balances unrecouped. He emphasized that the label has consistently advanced funds for production, marketing, and other expenses, which must be recovered before any net revenue is distributed to the artists. The statement did not provide specific figures for these investments or the unrecouped balances.
Full Statement Released
The full statement from Dapper Damm was shared by Linda Ikeji at 7:02 PM on 19 August 2026. In it, he reiterated his commitment to transparency and denied any improper sale of artist catalogues. The statement serves as a direct response to allegations that have circulated in recent weeks, though no further details about the source of those claims were provided. Dapper concluded by urging the public to rely on official communications from his label for accurate information.
