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'The Breakdown' becomes the first new song to be released after the singer signed a new deal with Warner Bros. Records which he left nearly two decades ago.
The singer will also re-release the remastered deluxe edition of his 'Purple Rain' album, which celebrates its 30th anniversary later this year.
The track was first performed by the two stars when Prince appeared in an episode of Deschanel's 'New Girl' a few weeks ago.
The 'Purple Rain' singer also performs another track called 'Mutiny' and 1985 B-Side 'She's Always in My Hair' on the show that airs on March 5.
The suit, which was filed earlier this month, is dismissed without prejudice which means the star can file it again in the future.
The litigious star is unhappy that bootlegged version of his live performances were made available for free download.
The episode reportedly will take place mainly at Prince's star-studded party and could feature his live performance.
The 'Breakfast Can Wait' singer is going to perform at the upcoming festival set to be held at New Orleans' Mercedes-Benz Superdome on July 3-6, 2014.
The Purple One enlists dancer Danielle Curiel to star and direct the dance-filled video for his new single.
The Purple One makes use of the comedian's 'Chappelle's Show' impersonation for his single artwork.
The 'Purple Rain' singer takes over 3rd Eye Girl's account to announce his presence on the micro-blogging site.
'The Hangover' director Todd Phillips, 'Resident Evil' star Milla Jovovich and 'Rush Hour' actor Chris Tucker are included in a list of 276 Oscar voters.
A judge, who gives guardianship of Michael Jackson's children to Katherine Jackson, orders an investigation into the children's well-being to determine whether changes are necessary.
The cover girl of this week's Billboard magazine will collaborate with the 'Diamonds and Pearls' singer and the 'Girls Like You' performer in her new album which is due out in September.
The 'Iron Man 3' actress opens up to Daily Mail about the miscarriage during her third pregnancy which almost killed her.