Prince’s Family REJECTS Jay-Z’s $40M Deal & Claims He Owes Them HOW MUCH?

Posted On : November 13, 2016

Word on the Old School curb is that Jay-Z was trying to buy Prince’s unreleased music catalog (you know all of that music inside Prince’s highly talked about Paisley park music vault) for $40 million and had even reportedly met with Prince’s only full sibling, Tyka Nelson, and her husband, Maurice, to discuss the details…
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Well now, things have taken a complete turn for the worse because according to TMZ, the rest of Prince’s siblings do NOT want Jay Z to swing in and scoop up that massive catalog which by the way, is probably worth a helluva lot more than $40 mil’ just saying.
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As if it couldn’t get any worse for Jay Z regarding the Prince fam,’ they’ve now flipped the script on him and are reportedly claiming that he owes THEM money. Here’s what’s being reported:

Via TMZ: Prince’s estate wants nothing to do with his offer to snatch up any of the late singer’s music catalog. Sources involved in the deal tell TMZ the estate fired off a letter to Jay’s team last month, saying it had no interest in signing a deal for “Roc Nation to exploit any of the intellectual property assets of the Estate.” […]

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Jay Z had offered around $40 million to take control of Prince’s unreleased tracks. More bad news — the estate is calling out Tidal for making 15 Prince albums available for streaming a couple months after his death. Those releases were unauthorized according to the estate. Translation: You’re gonna owe us some dough. The estate does acknowledge Prince made a deal with Jay for the 2015 release of his final album, “HitNRun Phase One” — but also says it hasn’t found proof of a $750k payment to close that deal.

Damn, did Jay-Z’s Tidal service really try to come up off Prince’s death without authorization? Only time will tell if that allegation is true, but please say it ain’t so Jay-Z!

About I Love Old School Music

We salute the incredible people and beautiful memories of that "old school". We’re not saying that every artist and every facet of the soul era was perfect, but the artists’ contributions to soul music and the old school memories of that particular time are PRICELESS.