Madonna Inks Deal With Interscope

Singer reportedly signs for three albums at rate of $1 million each.

As Madonna inches closer to the release of her in-the-works album, a report has surfaced that the Queen of Pop has signed a deal with Interscope Records, making her labelmates with music superstars like Lady Gaga and Eminem.

The report first appeared in the New York Post early Wednesday (December 14), and a source confirmed the deal to Billboard. Madonna will reportedly work with the label on three records for $1 million each. Reps for the singer and the label had not responded to MTV News' requests for comment by press time.

Madonna will also remain with Live Nation, with whom she signed a deal in 2007. Currently she has a 10-year "360 deal" worth upward of $100 million that covers touring and merchandise. Live Nation CEO Irving Azoff hinted back in February that a merger could happen for the star sometime this year. Live Nation always had intended to partner with a record label for the release of Madge's next album.

"Live Nation, prior to the merger, entered into some of these all-rights deals, so there are certain artists, Madonna being one of them, that there is a recorded-music strategy," Azoff said. "Once she gets the album recorded, we'll sit down with her and her manager, Guy Oseary, and figure out what's best for the record. It has to start with the music."

A source tells the New York Post, "It's just about keeping relevance so that she can tour. She is still in the demo phase, but the idea is to get the first album out early next year."

Madonna is expected to drop her highly anticipated album this spring. In February, she'll not only release her film "W.E.," but she's also slated to take the stage during the Super Bowl halftime show.

She just shot the video for her song "Give Me All Your Love," which features Nicki Minaj and M.I.A. The shoot made headlines when Nicki tweeted about kissing Madonna on the set of the clip, directed by the Megaforce.

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