President Obama reacts to the passing of Prince

President Obama on Thursday mourned the loss of Prince, after the music legend was found deadat his Paisley Park residence outside Minneapolis earlier in the day.

Like many other celebrities, the president hailed the artist's enormous impact on music and offered his thoughts and prayers to those touched by Prince's death.

Here's his full statement:

"Today, the world lost a creative icon. Michelle and I join millions of fans from around the world in mourning the sudden death of Prince. Few artists have influenced the sound and trajectory of popular music more distinctly, or touched quite so many people with their talent. As one of the most gifted and prolific musicians of our time, Prince did it all. Funk. R&B. Rock and roll. He was a virtuoso instrumentalist, a brilliant bandleader, and an electrifying performer.

"'A strong spirit transcends rules,' Prince once said -- and nobody's spirit was stronger, bolder, or more creative. Our thoughts and prayers are with his family, his band, and all who loved him.‎"