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The Minneapolis singer has signed a deal which will see him regain ownership of his back catalogue, while his albums "Dirty Mind," "Controversy" and "1999" will continue to be licensed through the label as part of a new global agreement.
The deal also means "Purple Rain" will be remastered as a deluxe, remastered edition to coincide with the 30th anniversary in June. Warner Bros. have also stated they will release a new album from Prince, with "other projects set to follow."
"A brand-new studio album is on the way and both Warner Bros. Records and Eye (sic) are quite pleased with the results of the negotiations and look forward to a fruitful working relationship," Prince said in a statement.
Prince rejoining Warner Bros follows the two parties split in 1996 when he singer said he was a slave to the label, slating the major label system.
The singer also released a surprise new single "The Brealkdown." As Rolling Stones notes (via NME), the song was released on April 18 and is available to download on iTunes now. You can listen to the song below.