Madonna signed a three album deal with Interscope at a base of $1 million per album, after performing 5 years without a record deal. In 2007, she signed a multi-million deal with Live nation that handles her merchandise and touring.

“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.”