Did Tim Burton's Batman Save Prince's Career?

Comicbook.com reports Prince's soundtrack in Tim Burton's Batman has an interesting origin story.

Purple Rain director Albert Magnoli revealed how this came to be in a recent interview.

Prince was at a crossroads. The ‘Batman’ album afforded us the opportunity to do art and commerce and allow the artist Prince to forge on.
Albert Magnoli

The Purple Rain tour had exhausted Prince financially, and he eventually asked Magnoli to help manage.