Prince’s Estate Claims TIDAL Concocted Equity Deal
The ongoing legal drama between Prince’s estate and TIDAL keeps on churning. The latest to come from the case are some pretty damning allegations levied at JAY-Z’s streaming service. According to The Hollywood Reporter, the estate is alleging that they've "uncovered evidence that the alleged contract the Defendants are relying on in this action — the Equity Term Sheet — was fabricated and back-dated to appear authentic." Going even further, they also claim that "[c]ontemporaneous communications between the parties are inconsistent with Tidal’s contention that [Phaedra] Ellis-Lamkins [who was the closest thing Prince had to a manager at the time] signed the Equity Term Sheet on Prince’s behalf on July 19, 2015." This copyright infringement suit has gotten pretty contentious and it doesn't look like it'll get any better any time soon. #TheyNeedAResolution.
