DMW: Digital Music W...

As most have already heard, Prince did a "handshake" deal with Universal Music, agreeing to do one album for them. This is the part I like about the deal:

The artist said that he developed his own "handshake deal" without the aid of a lawyer. "I did my own agreement without the help of a lawyer and sat down and got exactly what I wanted," Prince told a press conference, adding that some things were set in writing "to ensure that business gets accomplished." The artist's last album was distributed by Sony Music's Columbia Records, but fans could also go online and pay to join his fan club, which ensured priority seating at concerts, access to soundchecks, exclusive videos, songs and other benefits.

Of course, he's Prince and can control his destiny however he likes. But, at least there's a blueprint to dealing with record labels when it comes to control over your image and content.