Jay-Z is in the works for a deal to own Prince’s unreleased vault of music.
A TMZ report stated that the Brooklyn emcee wants the rights to Prince’s unreleased music. According to the story, Hov flew Prince’s sister, Tyka, and her husband Maurice Phillips, out to New York City a few weeks back to discuss a deal, making an offer of around $40 million for the locked away music.
Tyka is Prince’s only full sibling, but in order for the deal to go through, she needs approval from all of his brothers and sisters as well as the trust managing the late singer’s estate.
The above mentioned figure was not confirmed by Jay-Z’s camp, but word is he’s making a play for overall streaming rights, likely to bolster the exclusive content on his streaming service TIDAL.
Prince had previously spoke about digital music platforms, “I don’t see why I should give my new music to iTunes or anyone else. They won’t pay me an advance for it and then they get angry when they can’t get it.”
Also fans will be treated with two retrospective albums featuring classic material in November and in 2017. Click here to read more about the future Prince projects being released.
Yesterday (Oct 26th) an adviser to Prince’s estate, told Billboard he has … “no knowledge of any discussions in that report” and “there is no sale [of Prince’s music assets], and those responsible for the assets are not in discussions with anyone regarding a sale.”
We will update you as this story develops.