December 14, 2011 18:22:09 GMT
Although the deal is not yet confirmed, it is reported that the singer will receive a million dollar per album.
Madonna has moved on from Warner Music Group and signed a deal with Universal Music Group's Interscope. According to NY Post, the pop queen will do three albums under the new flag after performing without new records for five years.
"It's just about keeping relevance so that she can tour," a source said, adding, "She is still in the demo phase, but the idea is to get the first album out early next year." Madonna will continue to tour with Live Nation which covers her road trip and merchandise. However, her records would be handled by the new label which reportedly paid $1 million per album.
Live Nation's CEO Irving Azoff previously said that Madonna would enter the studio as soon as she completes her directing debut "W.E." which is out early next year.
Madonna was previously signed to Warner Music Group for 25 years and split from it in 2007 after the release of her album "Hard Candy". One person is not thrilled of the idea of Madonna joining Interscope. New label mate 50 Cent tweeted on Tuesday, December 13, "Now Madonna's single is called GIRLS GONE WILD. This is some bulls**t." He was working on a single also titled "Girls Gone Wild".