Jay Z’s Roc Nation Wanted to Manage Prince’s Music According to Documents
Some new revelations arose in the ongoing legal case between the Prince Estate and Jay Z Roc Nation imprint. The trust company for the late music icon recently filed new documents revealing Hov’s pitch to hire Roc Nation to managing Prince’s music catalog.
The legal case stems from Prince’s estate suing Tidal and Roc Nation over streaming rights to Prince’s HITNRUN Phase One. The adminstors claim that Tidal made 15 Prince albums available for streaming after his death without their authorization. The estate also contends that they haven't seen any revenue from the HITNRUN Phase One streams and are owed $750,000.
According to the Associated Press, after the death of Prince back in April, the estate solicited requests for proposals for managing the late musician's music to generate cash. The documents (which can be viewed on TMZ) revealed that Jay Z pitched his Roc Nation company as an "artists first" institution that would protect his artistic vision.
"Mr. Nelson spoke openly with Mr. Carter about the future of his music, and the future of the music industry overall," said the letter, signed by Roc Nation CEO Jay Brown. "Mr. Nelson's point of view on art, protecting rights and advocating for social good were directly aligned with those of Mr. Carter. He confided in and entrusted Mr. Carter and Roc Nation with his most prized possession, his creative expression."
The proposal also included a PowerPoint presentation that boasts the Roc Nation empire's assets, including music, sports, concerts, movies and other mediums.
However, in June, Bremer Trust hired Prince's longtime attorney, manger and friend L. Londell McMillan and former record label executive Charles Koppelman to manage Prince's music.
Attorneys for the Prince estate had no comment on the matter. Reps for Roc Nation decline to discuss the legal case against them.
If you want to check our Jay Z's business proposal to Prince, head over to TMZ.