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04/19/2014 09:59 am ET

Prince Releases 'The Breakdown,' Promises New Album And Remasters

Kevin Mazur via Getty Images

Less than 24 hours after announcing his rekindled partnership with Warner Bros. Records, Prince released a new single titled "The Breakdown," a pleasant ballad. Under the new partnership, Prince has promised a new album, the release of previously unheard material and remastered content, including a deluxe version of his soundtrack album "Purple Rain" for its 30th anniversary.

"A brand-new studio album is on the way and both Warner Bros. Records and Eye are quite pleased with the results of the negotiations and look forward to a fruitful working relationship," Prince said in a statement Friday, April 18.

It looks like Prince's days of writing "slave" on his face and changing his name to a symbol are finally put to rest. Listen to "The Breakdown" below.

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