Seems just like yesterday when Prince was scribbling the word ‘Slave’ on his face in protest of his then record dispute with Warner Brothers records over 20 years ago. well not only has Prince reconciled with his old label, it seems that he will also be remastering his hit Purple Rain’ with some unreleased material as well!
The New York Post says that Warner Bros., which was Prince’s label from his 1978 debut, “For You,” into the 1990s, has struck a new global partnership with Prince that will involve licensing classic albums like “1999” and “Purple Rain” for reissue, according to a joint announcement released on Friday. The deal may also involve the release of a new album by Warner Bros., although that was not clear from the announcement. Representatives of both Warner and Prince declined to comment further.
“A brand-new studio album is on the way,” Prince said in the announcement. He added that both he and Warner Bros. “are quite pleased with the results of the negotiations and look forward to a fruitful working relationship.”
The deal may also offer a glimpse into the future of superstar record contracts in the wake of changes to federal copyright law that were made in the 1970s but are just starting to take effect. In 1978, authors of creative works gained so-called termination rights, which allowed them to recover the rights to their works from companies like publishers or record companies after 35 years; the first works affected by this rule came to be eligible in 2013.
Friday’s announcement did not address termination rights. But it is likely that that issue was in the background of any negotiations, and music industry executives and lawyers say that artists who recover their copyrights would gain significant leverage to bargain with labels for better deals to distribute and market their work.
In an unrelated deal announced this month, Prince also regained control of his publishing rights, which cover songwriting and are separate from the copyrights for recordings.
Less than 24 hours after announcing his rekindled partnership with Warner Bros. Records, Prince released a new single titled “The Breakdown,” a pleasant ballad. Under the new partnership, Prince has promised a new album, the release of previously unheard material and remastered content, including a deluxe version of his soundtrack album “Purple Rain” for its 30th anniversary.
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