Prince's Estate Refuses to Take Jay-Z's Offer for His Unreleased Music


Prince's Estate Refuses to Take Jay-Z's Offer for His Unreleased Music


The estate reportedly turns down Jay-Z's $40 million bid over Prince's private music catalog

The dispute between Jay-Z and the late "Purple Rain" singer Prince's family over the illegal streaming rights is getting frustrating. Recently, TMZ reported that Prince's estate rejected the bid, firing off a letter confirming that the estate had no interest in signing a deal for "Roc Nation to exploit any of the intellectual property assets of the Estate."

Though the legend's sibling Tyka and her husband Maurice Phillips were interested, they did not have the rights for such a deal. Instead of having the privilege over the legend's private collection, Hov lost the battle against the Universal Music Publishing Group which has now become the exclusive administrator of Prince's entire catalog.

The bad news is not over yet. TMZ reported that the estate is calling out the streaming service Tidal for an unauthorized release over 15 Prince albums following his death. The estate, however, acknowledges the deal between Jay-Z and Prince for the 2015 release of his last album "HITNRUN (Phase One)", but the state claims it has not found any proof of a $750k payment to close the deal.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Johnny Depp and Javier Bardem Officially Join Tom Cruise in Universal's Monster Film 'Dark Universe'
  2. 'The Voice' Live Finale Part 1: Four Finalists Sing for the Win
  3. Camila Cabello Teams Up With Ed Sheeran, Pharrell and Charli XCX on Upcoming Album
  4. 'The Voice' Live Finale Part 2: And the Winner of Season 12 Is....
  5. Iggy Azalea Responds to Odell Beckham Jr. Dating Rumors: I Don't Even Know Him
  6. Fans Loath ABC's 'Dirty Dancing' Remake - See the Hilarious Memes
  7. Mariah Carey and Nick Cannon Are Planning to Remarry This Summer
  8. Bye 'KUWTK'! Kim Kardashian Is Focusing on Her New Show 'Glam Masters'
  9. 'Star Wars: The Last Jedi' New Vanity Fair Covers Offer New Look at Cast Members
  10. Migos 'Weren't Comfortable' Performing With Drag Queens During Katy Perry's Performance on 'SNL'

CELEBS PHOTO