Last week, it was reported Prince launched NPG Music Publishing, giving him control of his own music catalog, and no wonder! In June, the musician is planning to re-release his 1984 classic LP Purple Rain (which sold over 13 million copies in the U.S. alone) for its 30th anniversary in a digitally remastered, deluxe edition.
But before that happens, Prince has inked a global licensing deal with Warner Bros. Records that will lift the lid on unreleased music from the music icon, a new album of original music, and of course, Purple Rain’s anniversary re-release among other things.
"A brand-new studio album is on the way and both Warner Bros. Records and Eye are quite pleased with the results of the negotiations and look forward to a fruitful working relationship," Prince commented in a press release.
"Everyone at Warner Bros. Records is delighted to be working with Prince once again: he is one of the world's biggest stars and a truly unique talent" Warner Bros. Chairman and CEO Cameron Strang said in a statement. "We are also very excited about the release of new and remastered music from one of his greatest masterpieces."
Ironically, in 1996, Prince broke away from the Warner Bros. label, saying the label treated him as a slave (prompting him to write “slave” on his face) and the singer then changed his name to “the symbol” or “the artist”, a.k.a. the artist formerly known as Prince. "People think I'm a crazy fool for writing 'slave' on my face," he told Rolling Stone in 1996. "But if I can't do what I want to do, what am I? When you stop a man from dreaming, he becomes a slave. That's where I was. I don't own Prince's music. If you don't own your masters, your master owns you."
Monetary details of the deal haven’t been made public, but it’s definitely a sign that Prince is slowly easing his way back onto the music landscape!