Prince’s secretive vault of unreleased material could soon be made public as his estate is reportedly shopping the collection for as much as $35 million (£28.7m).
According to Billboard, all three major U.S. record labels—Sony, Universal and Warner Bros.—are in talks to acquire the contents of the vault in a deal brokered by the late singer’s estate advisers L. Londell McMillan, his longtime attorney, and Charles Koppelman, a veteran music industry executive.
Of the many rumors, stories, and urban legends swirling around the life and death of Prince, few are more alluring than the idea of the “secret vault”—a locked room containing album after album of unreleased music from the mercurial...
On Friday, a new report emerged stating that a vault believed to keep Prince's unreleased songs has been drilled open as the fans await what will become of the musician's massive estate.
Jay Z was turned down by Prince's estate to buy his unreleased catalogue for a reported $40 million. Alyse Barker (@IamAlyseBarker) has the story.