In 1993, MCA Records delayed a multimillion-dollar sale of Hendrix's publishing copyrights because Al Hendrix was unhappy about the arrangement. He acknowledged that he had sold distribution rights to a foreign corporation in 1974, but stated that it did not include copyrights and argued that he had retained veto power of the sale of the catalogue. Under a settlement reached in July 1995, Al Hendrix regained control of his son's song and image rights. He subsequently licensed the recordings to MCA through the family-run company Experience Hendrix LLC, formed in 1995. In August 2009, Experience Hendrix announced that it had entered a new licensing agreement with Sony Music Entertainment's Legacy Recordings division, to take effect in 2010. Legacy and Experience Hendrix launched the 2010 Jimi Hendrix Catalog Project starting with the release of Valleys of Neptune in March of that year. In the months before his death, Hendrix recorded demos for a concept album tentatively titled Black Gold, now in the possession of Experience Hendrix LLC, but it has not been released.
In 1993, MCA Records delayed a multimillion-dollar sale of Hendrix's publishing copyrights because Al Hendrix was unhappy about the arrangement. He acknowledged that he had sold distribution rights to a foreign corporation in 1974, but stated that it did not include copyrights and argued that he had retained veto power of the sale of the catalogue. Under a settlement reached in July 1995, Al Hendrix regained control of his son's song and image rights. He subsequently licensed the recordings to MCA through the family-run company Experience Hendrix LLC, formed in 1995. In August 2009, Experience Hendrix announced that it had entered a new licensing agreement with Sony Music Entertainment's Legacy Recordings division, to take effect in 2010. Legacy and Experience Hendrix launched the 2010 Jimi Hendrix Catalog Project starting with the release of Valleys of Neptune in March of that year. In the months before his death, Hendrix recorded demos for a concept album tentatively titled Black Gold now in the possession of Experience Hendrix LLC, but it has not been released.