Prince now owns the rights to the music he recorded for Warner Bros Records after years of disputes and battles with the label.
Warner Bros announced that it had reached an agreement with the pop star. Prince was signed to the label from 1978 to the mid-1990s, releasing key projects like Purple Rain, 1999 and Around The World In A Day.
Financial terms were not disclosed.
Warner Bros also said the 55-year-old singer would release "previously unheard material" from his tenure on the label. A 30th anniversary edition of Purple Rain will be released this summer.
Prince said in a statement that he is "pleased with the results of the negotiations".
He added that he is working on new music apart from Warner Bros.