Prince to release new album and reissue <em>Purple Rain</em>

The Purple One and Warner Bros. bury the hatchet, promise “veritable gold mine” of unheard music.

Busy times in Paisley Park: first Prince launched a new publishing company, and now he has signed a global licensing deal with Warner Bros. Records.

“A brand-new studio album is on the way and both Warner Bros. Records and Eye are quite pleased with the results of the negotiations and look forward to a fruitful working relationship,” Prince said in a news release.

Covered in the deal are all of Prince’s albums, including a new one that has been rumored for some time now. In addition, Prince plans to release a digitally re-mastered deluxe version of Purple Rain to commemorate the album’s 30th anniversary, with other projects to follow.

Prince returning to Warner Bros. is quite a shock after their acrimonious relationship ended in the 1990s. Disappointed with the label, he released a series of albums in quick succession to get out of his contract, famously changing his name from Prince to the unpronounceable “love symbol” (hence “the artist formerly known as Prince”) and writing “slave” on his cheek during public appearances.

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