Prince housed a vast number of unreleased recordings in a secure room known as the Vault, and only he knew the code. But according to an ABC News report, Bremer Bank has drilled open the door to the Vault containing the artist's unreleased music, some of which dates back to before Purple Rain.

What does this mean for fans clamoring for more from the artist?

"You're going to see unreleased Prince albums – if [the estate] is properly managed – for the next two decades," entertainment attorney Donald David told People but, he added, "I know from my past experience that very often some of that material needs significant editing.

"As long as the estate is well-managed – and they don't go for a quick hit by doing something like selling his publishing rights – it will produce income into [what would have been] his great-grandchildren's years without any problems," David concluded.

According to reports, Prince did not have a will outlining the distribution of his assets. Currently Bremer Bank has temporary authority over the estate, which will be divided among Prince's sister and five half-siblings. 

Prince said of the archive in 2012: "One day, someone will release them. I don't know that I'll get to release them. There's just so many."