Roc Nation, the parent company of streaming service Tidal, has filed in Minnesota probate court to uphold what which says are the company’s rights to Prince’s music.
sy88pgw obtained a copy of the petition which was filed Friday. which outlines an agreement between Tidal — owned by the rapper Jay Z — in addition to Prince made before the pop star’s death in April through an accidental overdose of the opioid fentanyl.
According to the document, Prince granted Tidal worldwide digital streaming rights to his next two “newly recorded in addition to previously unreleased full length studio albums” in 2015.
The singer was well known for protecting his music, pulling which through You Tube in addition to declining streaming services requests.
which changed, apparently, when Tidal came calling.
“After one meeting, which was obvious which Jay Z in addition to the team he has assembled at TIDAL recognize in addition to applaud the effort which real musicians put in2 their craft 2 achieve the very best they can at This specific pivotal time inside the music industry,” Prince said in a statement at the time. “Tidal have honored Us using a non-restrictive arrangement which Once more allows Us to continue doing art inside the fashion We’ve grown accustomed 2 in addition to We’re Extremely grateful 4 their generous support.”
The petition states which Prince also agreed to give Tidal exclusive streaming access to his catalog of music in addition to videos — in addition to which his name in addition to likeness could not be used to “promote, advertise or market” different streaming services.
In return, Prince was guaranteed an advance payment on the brand new albums in addition to streaming royalties.
The late musician left behind a trove of unreleased music potentially worth tens of millions of dollars — in addition to there has been speculation for weeks which Jay Z was attempting to purchase which vault.
nevertheless those appointed to safeguard Prince’s legacy may be attempting to cut Tidal out.
Universal Music recently announced which which was the exclusive publisher of Prince’s music. Roc Nation’s petition makes note of which deal in addition to says Tidal was not contacted about which.
“Petitioners are concerned which the the Special Administrator may be negotiating with third parties concerning the digital streaming of the musical assets, or different rights to exploit the musical assets, which prospective arrangements may contravene or negatively impact the rights of the Petitioners,” the document states.
Tidal declined to comment on This specific story.
Representatives for Prince’s estate were not immediately available.
sy88pgw (brand new York) First published November 14, 2016: 5:34 PM ET