Damon Dash held a press conference on Wednesday (January 26) to unveil new ventures in music, sports, fashion, film, jewelry and electronics. Dash said, "I put to together, with the help of my partner Biggs, The Damon Dash Music Group, distributed right now by Universal. And with that I have the opportunity to give labels, to give artists the opportunity to make their music but also benefit from it, give them a chance to be a boss, give them a chance to have a vision. I would never empower anybody unless I thought they would be positive for our culture , our community, and represent and most importantly, be profitable." The Damon Dash Music Group will incorporate several smaller labels like N.O.R.E.'s Militainment Musica, producer 7 Aurelius' Dream Factory, M.O.P.'s First Family and a label spearheaded by the RZA that will release an ODB LP. Dame also said Beanie Sigel will have a label and that The Damon Dash Music Group may be the home for Diplomat Records.