London: Pop diva Madonna has signed a three album deal with Universal Music Group's Interscope Records, thought to be worth USD 1 million per record.
The 53-year-old finished her contract with Warner Music Group, who she had been signed to since the start of her career in 1982, and inked the new deal, thought to be worth USD 1 million an album, as reported.

"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," a source said.
While she will release her records through Interscope, Madonna will continue to tour under her agreement with Live Nation Entertainment.
Madonna has also been confirmed to perform at the NFL Super Bowl Half Time Show in the US next February, which is when she is expected to make her comeback.
The 'Material Girl' singer has recently been in the studio working on tracks for her 12th album with DJ Martin Solveig and producer William Orbit.