In November 2016, Prince’s Estate filed a copyright lawsuit against Jay Z’s Roc Nation for streaming Prince’s albums on Tidal, an online streaming service owned by Jay-Z. The complaint, which was filed in Minnesota Federal Court, alleges that the agreement between Prince’s NPG Records and Tidal gave 90-day exclusive license to Tidal for Hit n Run, Prince’s newly recorded studio album.
Roc Nation and Tidal allege they were given exclusive rights to stream Prince’s entire collection of music but with limitations. After repeated demands to Roc Nation to produce evidence of any oral and implied agreement granting these rights, Roc Nation asserts Tidal received verbal and written authorization to be the first streaming outlet to distribute many of the legendary artist's albums. NPG Records argued before the court that the Equity Term Sheet, a contract used by Roc Nation and Tidal, was produced under false pretenses and is counterfeit.
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