Even after a year after his death, Prince’s Estate is still trying to void Universal Music Group’s licensing deal. UMG, however, bought the exclusive licensing rights to Prince’s unreleased works, thus claiming this conflicted with a contract that Prince signed in 2014.
When Prince died, he had not put a will in place, which is one of the reasons his Estate has been having difficulties regarding the ownership of his music.
The Courts sided with the estate, stating that “while rescinding the agreement “may certainly be seen as proceeding with a lack of caution, the Court believes that the other option of long and potentially expensive litigation while tying up the music rights owned by the estate makes the other option more treacherous.”
“Kiss” it, Universal Music Group.
Information gathered from: http://www.thefashionlaw.com/home/court-voids-31-million-deal-between-princes-estate-and-universal-music