*It may have taken being exposed on video and shamed in front of the world into doing it, but Lee Daniels says he’ll be paying Damon “Dame” Dash back the $2 million he got from him. He also says it’s a “shame” it took him so long.
The publicly embarrassed director told TMZ that he’s been thinking about what Dash did for him, and realizes he — more than any Hollywood studio — helped him launch his career.
Daniels admits it’s a shame it took Dame accosting him in the middle of a Diana Ross concert for him to realize it, but now wants to do “the right thing.”
TMZ is also reporting that Dame Dash has accepted Daniels’ apology, saying …
“We’re good bro…appreciate the honesty…time to move forward let’s forget the bubble gum sh*t and get the money.”
Meanwhile, Daniels finally told his side of the story when he sat down for an episode of “Raq Rants” … telling Raquel,
“This black man gave me money when nobody … would give me money. He did it,” Daniels told the host, Raquel.
He made it clear Dame’s $2 million was an investment, not a loan, but because the 2nd movie — “Shadowboxer” — didn’t make money, Dame didn’t get repaid.
As we reported earlier, Dash had filed a lawsuit against Daniels for $5 mil — the $2 mil plus interest — however, Lee Daniels says, “We’re gonna squash it — and I feel good about it, he needs it right now and I’m happy to help him, ’cause he was helping me.”