Friday, May 11, 2018

TIDAL and Prince Estate reach deal to release new music, cease legal tussle | Music Business Worldwide


The Prince Estate and streaming platform TIDAL have confirmed that a new Prince album, containing previously unreleased music, will land on the service and is expected in 2019.

The LP will contain tracks sourced from Prince’s vast archive of Vault recordings.

The album will stream exclusively on TIDAL for 14 days and will be available for download seven days after its debut.

A global physical release is planned via The Prince Estate following the exclusive digital premiere on TIDAL.

The new release marks a continuation of Prince’s 2015 partnership with TIDAL, which resulted in the exclusive debut of HITnRUN Phase One and HITnRUN Phase Two via the streaming service.

The announcement ‘concludes the previously unresolved legal matters between The Prince Estate and TIDAL’, according to a press release.

The Prince Estate and Jay-Z are working together on the song selection for the album.

“Our only goal is to share Prince’s music with his fans as he wanted. After thoughtful and honest conversation with him, he chose TIDAL as his partner for HITnRUN Phase One and HITnRUN Phase Two, and we will continue to respect and honor Prince’s enduring legacy and wishes with this new collection,” Jay-Z said.

Troy Carter, speaking on behalf of The Prince Estate, echoed those sentiments, noting “I’m very pleased this is resolved, and we get to honor the relationship between Prince and TIDAL with this album. We look forward to fans hearing the new music and experiencing the genius of Prince.”

The album partnership with TIDAL does not involve any of Prince’s music catalogue that is subject to prior agreements with Warner Brothers Records, Inc.

The agreement between TIDAL and The Prince Estate was approved on May 9, 2018 by the Probate Court overseeing The Prince Estate.Music Business Worldwide

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