News

Prince's Estate Rejects Jay Z's Tidal Deal; Says Hov Owes Them Money

By HHL Editors

Jay Z and Tidal's $40 million offer to acquire the streaming rights to Prince's catalog has been rebuffed.

The late singer's estate fired off a letter in which they stated they have no interest in having "Roc Nation exploit any of the intellectual property assets of the Estate."

In fact, the estate says when Tidal made Prince's 15 albums available to stream after his death it was in violation of Prince's contract with the streaming service, which they say was only for the Purple One's final album, HitNRun Phase One.

Furthermore, they claim Tidal never paid the $750,000 Prince was owed for the 2015 album's streaming rights.

Expect this to all be in court soon.

Posted In: News

Discuss

News 50 Cent Questions Atlanta's Manhood / News News We Now Have The Complete Footage Of Bankroll Fresh Fighting & Getting Shot / News News Boosie Badazz Accused Of Killing His Baby Mama's Brother; Other Nastiness / News News Chris Brown Explains Why Lil Wayne Is The GOAT / News News Watch Young M.A. Proudly Display Strap On / News News Teka$hi 69 [Kind Of] Admits They Had Him Shook In Rikers / News