After reaching an agreement with Warner Bros. Records earlier this week in which he owns the rights to music he recorded while under the label, Prince released a surprise single Saturday called 'The Breakdown.'

The single comes on the heels of Prince's announcement about a new studio album in the works and a new partnership with Warner Bros.

Most recently the pop idol guest starred on an episode of 'New Girl' on Fox where he and Zooey Deschanel debuted a song called 'FALLINLOVE2NITE.' Prince had also been featured on an album he recorded with his band 3RDEYEGIRL in February.

Listen to the new ballad here: