Deal Encompasses Prince’s Grammy-Winning NPG Records, Hits from Earlier Catalogs and Vast Collection of Unreleased Works
Universal Music Group (UMG), the world leader in music-based entertainment, today announced a multi-year agreement with the Estate of Prince Rogers Nelson and NPG Records Inc., effective immediately, that grants UMG exclusive licensing rights to the iconic artist’s Grammy-winning NPG recordings, including a library of 25 albums and his highly anticipated trove of unreleased works.
With this agreement, UMG becomes the home for Prince’s music publishing, merchandise and much of Prince’s recorded music. The deal provides an opportunity for UMG to work closely with Prince’s Estate and heirs to delight and thrill fans of all ages by creating innovative new products and experiences spanning the Rock & Roll Hall of Fame inductee’s many artistic outlets.
Under the terms of the deal, the Estate is licensing to UMG the 25 albums that Prince released through NPG Records, a label founded by the artist that includes Double Platinum- and Gold-certified albums Emancipation, Musicology and 3121. The agreement also provides for UMG and the Estate to collaborate with regard to Prince’s vault of prized unreleased works from throughout his career, including outtakes, demos and live recordings. In addition, beginning next year UMG will obtain U.S. rights to certain renowned Prince albums released from 1979 to 1995.
Kevin "KevRoss" Ross is a music and radio industry expert. He is a 20 -plus year entrepreneur with the leading most successful industry trade publication and site Radio Facts (www.radiofacts.com). He has also published various books, magazines, performed marketing and promotions for major corporations and recording artists and he is on the advisory board of several industry organizations. This year Ross introduced his non profit organization LOMARI (Leaders of the Music and Recording Industry) to help teach young minority students how to market and manage their music and products.