Monday, November 14, 2016
Prince’s estate does not want to make a deal with Jay Z to acquire the late singer’s music catalog. His estate fired off a letter to Jay’s team, stating that it had no interest in signing a deal for “Roc Nation to exploit any of the intellectual property assets of the Estate.” Jay originally offered approximately $40 million for Prince’s unreleased tracks. Additionally, Prince’s estate is accusing Tidal, Jay’s music app, of making fifteen of Prince’s albums available for streaming without authorization, which surely hints that there is potential for an upcoming lawsuit.
See Prince Estate to Jay Z: No Deal for His Recordings . . . Issues with Tidal Deal Too, TMZ, November 13, 2016.