Universal Music Group has secured its second deal with the Prince estate in a matter of months.
In November, Universal Music Publishing Group was revealed as the global administrator of the late star’s publishing catalogue, and now UMG’s Bravado division will handle branding and licensing for Prince.
Could Universal now be in pole position for the deal for Prince’s recorded-music back catalogue, which is expected to be announced in the next month? Watch this space. Or, indeed, watch the courts: the dispute between Prince’s estate and Tidal (plus its parent company Roc Nation) is still rumbling.
Billboard reported yesterday on the latest developments, as Roc Nation challenged the authority of Bremer Trust, the administrator of the estate, to make decisions about the recorded-music catalogue. This follows a lawsuit filed against Roc Nation over the 15 Prince albums made available on Tidal after his death.