Entertainment
Jay Z Puts Bid for all Unreleased Prince Music
Tidal Boss Jay Z has reportedly put in a major bid to own the rights to unreleased Prince music.
According to TMZ Jay Z tried to snap up all the unreleased Prince music that was unearthed at Paisley Park after the singer’s death…
He reportedly met with Prince’s sister, Tyka, and her husband, Maurice Phillips, several weeks ago. The mogul flew Tyka and Maurice to NYC to meet with him.
Sources close to Prince’s family tell say Jay made an offer of around $40 million.
Tyka may be Prince’s only full sibling, but she has to get sign-off from all the brothers and sisters, in addition to the trust that is managing the estate.
If Jay Z wants to own the music, he has to get approval from Tyka and Prince’s six living half-brothers and sisters. Jay Z already has a feather in his cap with TIDAL being the only streaming service with access to Prince’s catalog. The singer/producer pulled his catalog from Spotify, Apple Music and others and handed over the music to Jay for equity in the company. Also, because it was Black owned.
Word is that Jay is still in the running to get the overall deal for streaming rights … but it will be very expensive and there are some major players in the game.
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