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Prince has no plans to record album

Musician argues there’s no money to be made thanks to illegal downloads.

Musician Prince, who has just arrived in England after two concerts at Montreal’s International Jazz Festival, announced he has no plans to record a new album soon, reports U.K.’s Guardian.

He arrived at his decision due to the music industry crisis with illegal downloads.

"The industry changed," he told the Guardian. “We made money [online] before piracy was real crazy. Nobody’s making money now except phone companies, Apple and Google.

“I’m supposed to go to the White House to talk about copyright protection. It’s like the gold rush out there. Or a carjacking. There’s no boundaries. I’ve been in meetings and they’ll tell you, Prince, you don’t understand, it’s dog-eat-dog out there. So I’ll just hold off on recording.”

Ironically, Prince, 53, who was the first to launch an album exclusively online, with Crystal Ball in 1997, is not a fan of digital music.

"I personally can’t stand digital music," he said. "You’re getting sound in bits. It affects a different place in your brain. When you play it back, you can’t feel anything. We’re analog people, not digital."

Prince’s latest album, 20Ten, was distributed free of charge and exclusively through tabloid newspapers in Europe.