The announcement signifies a resolution of the 2016 lawsuit Prince’s estate filed against Jay-Z’s Roc Nation over Tidal’s claim that it owned exclusive streaming rights of Prince’s catalogue, Pitchfork.com reported.
The legal matter is now resolved and the album is scheduled to be released next year, Pitchfork.com reported, citing a press release. Tidal will stream the album exclusively for two weeks, according to Pitchfork.com
The news organization cited a statement released by Jay-Z.
“Our only goal is to share Prince’s music with his fans as he wanted,” the statement read. “After thoughtful and honest conversation with him, he chose TIDAL as his partner for HITnRUN Phase One and HITnRun Phase Two, and we will continue to respect and honor Prince’s enduring legacy and wishes with this new collection.”
The statement also notes that the partnership between Prince’s estate and Tidal does not involve any of Prince’s music catalog that was involved in prior agreements with Warner Brothers Records.