Prince wasn't part of the song, but he contributed a song to the album - it's called "4 The Tears in Your Eyes".

Prince was at the Grammy's that night but declined because he thought it was beneath him. He later admitted regreting that decision. That was during his "don't look at me" period. This is in direct contrast to his current, "please notice me" phase.

By the way, it was recorded at the old Chaplin studios

It's a good question - I'm surprised they don't cover that at wiki. I looked around a bit and someone mentions the Blues Brothers, so I guess that's as good an excuse as any.

The reference library does mention this:

"In 1992, Aykroyd, along with many other notable music and Hollywood personalities, founded the House of Blues. Its mission is to promote African-American cultural contributions of blues music and folk art. As of 2004, it was the second-largest live music promoter in the world, with seven venues and 22 amphitheaters in the United States and Canada. Aykroyd also contributes his voice to the weekly House of Blues Radio Hour, which he hosts in the character of Elwood Blues."

I think he's got connections.

Steve Jones, of the Sex Pistols and the Indy 103.1 radio show Jonsey's Jukebox, regularly calls that venue the "House of anything but Blues". I don't see how having any and every type of act play there has anything to do with promoting African American culture...but anyway.

You are probably correct. I'm sure financial considerations have caused it to stray from the original intentions.

If so, it strayed pretty quickly. As I recall, it was host to your standard fair of general headliner acts from the get-go.