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Prince rep denies Jay Z’s $40m bid for star's music

BID: Jay Z

REPORTS THAT hip-hop mogul Jay Z had met with Prince's sister and offered $40m for his unreleased music have been denied by the late singer's representative.

L. Londell McMillan, an advisor to Prince's estate, told Billboard that he has “no knowledge of any discussions in that report,” and emphasised “there is no sale [of Prince’s music assets], and those responsible for the assets are not in discussions with anyone regarding a sale.”

The report claims that Jay Z made a $40 million offer to Tyka Nelson and her husband, Maurice Phillips, at a meeting in New York several weeks ago, although exactly what sort of arrangement was discussed is unclear.


The report also says that Jay is in the running for “the overall deal for streaming rights”

Jay Z's Tidal music-subscription service struck an exclusive deal with the artist a few months before his death on April 21, and recently added several previously unavailable Prince albums to its offerings, although the terms and length of the deal are unclear.

Prince, who died suddenly of an accidental overdose on April 21, apparently left behind no will, which left his vast music holdings and other assets in a state of confusion.

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