Prince’s vault of unreleased recordings is reportedly up for sale for as much as $35 million.
Billboard reports all three major record labels (Universal, Sony and Warner) are in talks to buy the rights to the music, which is said to consist of thousands of hours of recordings from over four decades.
However, his estate has not yet begun the task of cataloging the music, it’s still unknown exactly what it contains. Prince was signed to a number of different record labels during his career so some of the recordings could already be under ownership.
Billboard reports that a deluxe edition of 1984’s Purple Rain could be released in early 2017.
Between October 2015 and October 2016, Prince and his estate earned around $25 million before taxes, but Prince reportedly left no will, the courts will decide who his heirs will be.
Back in September, it was confirmed that Prince’s legendary home of Paisley Park would be turned into a museum and opened to the public. After some delays, the studio complex opened last week and while visitors can tour the 65,000-square-foot complex, which contains “thousands of items from his personal archives.”
Prince died on April 21, 2016.