Civil Plaintiff
Prince’s Heirs Settle With the IRS For $156.4 Million
The estate of the deceased pop singer Prince – including his archive of songs including “When Doves Cry,” “1999” and “Purple Rain” -– has been valued at $156.4 million after a lawsuit that lasted for six years.
Comercia Bank, the estate’s administrator, came to an agreement on the value with the Internal Revenue Service (IRS) and the inheritors to Prince’s estate. Since the artist passed away in 2016 without leaving a will, it has been decided that his estate will be split between his three siblings and Primary Wave, the publishing company that obtained the rights to Prince’s music from another three heirs (two of them are dead) in August 2021.
