Prince compares record contracts to slavery: report

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Speaking to a group of 10 journalists at his Paisley Park Studios in Minneapolis, Prince reportedly voiced his opinion about the state of the music business.

"Record contracts are just like -- I'm gonna say the word -- slavery," Prince said on Saturday night (Aug. 8), according to NPR. "I would tell any young artist ... don't sign."

Prince Names Tidal the Exclusive Home for Upcoming Record 'HITNRUN'

Prince -- who recently announced that he'll be releasing his new album 'HITNRUN' via Tidal -- took the opportunity to speak about working with Jay Z and the music streaming service. He also expressed concern about how record contracts turn artists into "indentured servants," claiming that artists have little say over how record labels use their music and profit off of it through online streaming.

NPR says that he emphasized the importance of artists having as much control of their work's revenue from streaming services as possible -- without record companies taking a share.

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Prince compares record contracts to slavery: report
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US artist singer and songwriter Prince performs on stage during his concert in Antwerp Sportpaleis, on November 8, 2010. AFP PHOTO /BELGA PHOTO DIRK WAEM (DIRK WAEM/AFP/Getty Images)
FILE - In this Monday, June 2, 2014, file photo, U.S. pop singer Prince watches the fourth round match of the French Open tennis tournament between Spain's Rafael Nadal and Serbia's Dusan Lajovic at the Roland Garros stadium, in Paris. Prince announced on Monday, Aug. 25, 2014, that he would release a new album entitled, 'Art Official Age'€ on Warner Bros. Records, the label Prince was signed to from 1978 to the mid-1990s, but later battled for the rights of his music. (AP Photo/Michel Spingler, File)
LONDON, ENGLAND - FEBRUARY 19: Prince presents the award for British Female Solo Artist at The BRIT Awards 2014 at 02 Arena on February 19, 2014 in London, England. (Photo by Ian Gavan/Getty Images)
LONDON, ENGLAND - FEBRUARY 19: Prince and Ida Nielsen, Hannah Ford Welton and Donna Grantis of his band 3rdEyeGirl present an award at The BRIT Awards 2014 at The O2 Arena on February 19, 2014 in London, England. (Photo by Samir Hussein/Redferns via Getty Images)
Prince Rogers Nelson is better known as just Prince and is pictured where is spends a lot of his time; on concert stage around the world. Denmark 2013. (Photo by: PYMCA/UIG via Getty Images)
LAS VEGAS, NV - MAY 19: Recording artist Prince performs during the 2013 Billboard Music Awards at the MGM Grand Garden Arena on May 19, 2013 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
LAS VEGAS, NV - SEPTEMBER 22: Singer Mary J. Blige (L) and recording artist Prince perform onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 22, 2012 in Las Vegas, Nevada. (Photo by Christopher Polk/Getty Images for Clear Channel)
LAS VEGAS, NV - SEPTEMBER 22: Recording artist Prince (L) and singer Mary J. Blige perform onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 22, 2012 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Clear Channel)
As dozens of singers perform "We Are The World" on the 10th anniversary of the African famine relief anthem, the artist formerly known as Prince, left, stands sucking on a lollipop next to Quincy Jones, at the American Music Awards in Los Angeles, January 30, 1995. (AP Photo/ Reed Saxon)
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"Once we have our own resources, we can provide what we need for ourselves. Jay Z spent $100 million of his own money to build his own service. We have to show support for artists who are trying to own things for themselves," Prince is quoted as saying.

Cell phones and recording devices were reportedly banned from the meeting, so no audio of his words is available.

The Minneapolis Star Tribune reports that Prince announced 'HITNRUN' would also see a physical release, and that he premiered two songs from the album, possibly titled "Million Dollar Control" and "Shut This Down," at a party at Paisley Park for attendees of the National Association of Black Journalists convention in Minneapolis.


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