Singer inks three-album agreement with label

Madonna has signed a record deal with Interscope Records, according to reports.

The pop icon has put pen to paper on a three-album agreement, says the New York Post, which will see the singer net $1 million (£645,000,000) for each LP she releases.

It is thought that Madonna will still continue her 10-year multi-deal with live promoters Live Nation, which whom she inked in 2007. Previously, she was signed to Warner Bros for 25 years but left after releasing her last album for the label, ‘Hard Candy’, in 2008.

A source close to the star also gave an update on her current studio sessions as she works on her 12th studio album, revealing: “She is still in the demo phase, but the idea is to get the first album out early next year.”

In November, Madonna reacted angrily when a demo version of her new single single ‘Give Me All Your Love’ was leaked online.

The full version of the track, which will feature Nicki Minaj and MIA, is expected to be released in February or March 2012. Minaj recently used her Twitter account to boast about locking lips with Madonna for the single’s video, claiming it had felt “so good” to kiss her.

Earlier this month, meanwhile, Madonna confirmed she will be performing during next year’s Super Bowl half-time show.