Prince Estate Taking Over Management of Paisley Park From Graceland Holdings

Scott Olson/Getty Images
Mementos left by fans are attached to the fence which surrounds Paisley Park, the home and studio of Prince, on April 23, 2016 in Chanhassen, Minnesota. 

Prince's estate will take over management of the late rock star's studio complex near Minneapolis.

Graceland Holdings, which runs Elvis Presley's tourist attraction in Memphis, Tennessee, had been operating Prince's Paisley Park in Chanhassen as a museum since October 2016.

Prince's oldest sibling, Sharon Nelson, says the family will manage Paisley Park because the contract expires at the end of September. She says the family is not unhappy with Graceland Holdings or making the decision because of economic reasons.

The Star Tribune reports Nelson says there are differences of opinions among the heirs, so the estate's administrator, Comerica, will be making the final decisions on how to operate the landmark.   

Prince died at age 57 of an accidental overdose of fentanyl at Paisley Park April 21, 2016.


THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.