Prince has been been teasing the public for the better part of the last year with the idea he may have new music ready to share with the world. There have been a handful of single releases, as well as highly-publicized concerts and appearances on TV shows, but until this afternoon that artist behind “Little Red Corvette” confirmed he indeed has new music on the way.

Today, Prince officially settled his long-running dispute with Warner Bros. records and entered into a new contract that not only allows him to retain the rights to his masters, but also comes the guarantee of a new album featuring previously unreleased material in the near future. “A brand-new studio album is on the way,” he said in a statement. “Both Warner Bros. Records and Eye are quite pleased with the results of the negotiations and look forward to a fruitful working relationship.”

There is no release date for Prince’s new material just yet, but we can confirm plans for a 30th anniversary digital deluxe reissue of Purple Rain later this year. That release, which also has no exact street date at this time, will contain previously unheard material from the sessions that created the original bestselling album.

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James Shotwell

James Shotwell is the founder of Under The Gun Review. He loves writing about music and movies almost as much as he loves his two fat cats. He's also the co-founder of Antique Records and the Marketing Coordinator for Haulix. You should probably follow him on Twitter.

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