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Nick Jonas Is Going Solo With Prince's Ex-Band Members

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Yes, it's true: Nick Jonas is stepping out on his own. He's got a new band called Nick Jonas & The Administration, which will kick off a 14-city tour starting Jan. 2, and a new album due out Feb. 2.

But it does not -- repeat not -- mean the end of The Jonas Brothers, Nick tells PEOPLE. "This is something that can definitely co-exist with the Jonas Brothers," he says of his new band.

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