Prince and Warner Brothers Records have agreed on a new deal.
That may shock some Prince fans who recall how in the early 90's, Prince once labeled himself a "slave" while in the midst of various disputes with the label. For a time, he stopped using his stage name, identifying himself by an unpronounceable symbol and the term "The Artist Formerly Known as Price."
Now, both parties are acting like family. The new deal, announced last week, includes the release of "long-awaited, previously unheard material," and Prince obtains ownership to the master recordings he made for Warner. The most important of those, the soundtrack to the movie Purple Rain, will be reissued this summer in a deluxe 30th anniversary edition.
Prince says he's "quite pleased with the results of the negotiations and looks forward to a fruitful working relationship."