Music mogul Damon “Dame” Dash isn’t clashing with “Empire” creator Lee Daniels anymore. The hip-hop business executive has announced their legal war has faded to black.

According to Dame, he’s no longer seeking millions from Lee over a movie investment.

7:35 AM PT — Whatever amount of money Damon got in the settlement, he’s satisfied with it. He tells TMZ … “I’m good. Just happy 2 people from the culture could work things out.” According to docs, obtained by TMZ, both sides agreed to drop the matter and each will pay their own attorney’s fees. As we first reported … Dame was livid about the cash he’d given Lee to make a couple of movies. In fact, he got in Lee’s face during a Diana Ross concert earlier this year … demanding the dough. (TMZ)

In June, Daniels admitted he owed Dash for financially supporting him during his pre-fame days.

“This black man gave me money when nobody would give me money. He did it. We’re gonna squash it. He needs it right now and I’m happy to help him, ’cause he was helping me.” (

Dash also came forward to respond to Daniels’ promise.

Back in 2014, Dash name-dropped music stars Kanye West and Mariah Carey in a lawsuit against Daniels for cheating him out of business ventures.

“There are pretty notable potential witnesses there,” said his lawyer Natraj Bhushan. Dash mentioned the renowned rapper and pop diva among those who can boost his assertion that he was cheated out of investments to numerous flicks, including the hit movies “Precious,” “The Butler” and “The Paperboy.” (NY Daily News)