How do you lose $70 million in just a couple of years? Ask Scott Storch and he can give you an answer. In fact, in a recent interview with Style, Storch admits that he spent over $3 million a year just on cocaine and partying. As a result of his careless spending and coke addiction, Storch’s $70 million fortune quickly evaporated leaving him with no home, no car and no yacht.

“I was burning through about $250,000 a month, mostly on partying,” he says, his voice low and measured. “I was spending money I had no business spending.”

To make matters worse, turns out Storch couldn’t produce hits while high…instead he chose to work with “artists” like Hulk Hogan’s daughter which quickly turned him from beat making sensation to the joke of the hip-hop industry. The moral of the story in all of this? Never produce a song for Hulk Hogan’s daughter. Oh…and don’t spend your $250K a month on drugs, sex and boats. Just spend about $100K.

Timbaland has been busy getting ready for the launch of “Beaterator” beat making video game for the PSP. In this clips Rockstar games gave select artists including Ice-T, Kidz in the Hall and more an early try at the game.

More publicity for the  NCIS spinoff TV show starring LL Cool J and Chris O’Donnell. This video though takes us behind the scenes on the making of LL’s latest track called NCIS (No Crew Is Superior).

If you squint your eyes and look at the cover from afar he almost looks like Tyrese…that or Arnold from “Diff’rent Strokes.” Nice cover though…the issue also has another good feature with KAWS and Clipse in it.

Dame is back. After a divorce, bankruptcy and just plain being clowned on by past business partners not just named Jay-Z, Dame is back. Aside from his upcoming Blac Roc music project, Mr. Dash will also be stepping back into film producing and already has a film in the works with Mos Def. Rumors have been swirling for awhile about this one but Dame recently confirmed with XXL that he is producing a documentary about an obscure all-black punk band named Death from the 1970s Detroit scene.

Dame says the movie has already started filming and that him and Mos will share production duties and Coodie and Chike, the Chicago-based directing duo known for their work on videos for Kanye West (”Through the Wire”), and Mos (”Ghetto Rock”), will be directing the flick. No word yet on release date or further details at this moment. Aside from this film project Dame also plans to launch a TV station called Creative Control with Coodie and Chike.

Clipse continues to bring the heat with their Play Cloths clothing line. These varsity sweaters go from $150 to $170 and are available now. Via: Daily Drop

Snoop gets some early game play in on the upcoming NBA2k10 here in Los Angeles at Power 106. After a good warm up he then challenges The Game and Jermaine Dupri to $1,000 a game. Of course Snoop uses the Lakers…we would opt for the Clippers to get an early look at the Blake Griffin show.

Jay-Z and his Rocawear celebrate the 10th Anniversary of the clothing line in style. Check this video which takes us from back when Rocawear first launched to the latest plans for the future.