This article was corrected on July. 22, 2002.Damon Dash will produce, direct and star in “Death of a Dynasty,” to co-star Ebon Moss-Bachrach and comedian Capone. “Death” centers on a young journalist who trails a music mogul and incorrectly thinks that he is part of their world. Jay-Z, Lorraine Bracco, Peter Sarsgaard, Q-Tip, Russell Simmons, Rashida Jones and Samantha Ronson will do cameos in the film. Lisa Fragner and Ron Rotholz will executive produce the pic along with Dash and attorney Steven Beer. Dash, who runs Roc-a-Fella Records, Roc-a-Fella Films and Roc-a-Wear, recently helmed “Paper Soldiers” for Universal-based Focus and produced “Paid in Full” for Dimension. He also produced “State Property” for Lions Gate.