Jessica Simpson has signed an astounding $35 million deal to remain with Columbia Records, the label she's been with since 1998.
"Jessica Simpson is one of the most consistent, hard-working artists we have on our roster," a spokesman for the label tells the Hollywood Reporter. "She really has earned this deal. But this wasn't an exchange of money for guaranteed anything."
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"I am so excited with this new deal and I'm looking forward to finishing my upcoming album," Jessica Simpson said in a statement. "Columbia has
been my home since the beginning of my career. I am happy to be continuing the relationship and I look forward to working on new things with my extended family."
Jessica Simpson's gigantic contract makes her the youngest artist ever to have such an earning.
Jessica Simpson will release four new albums and one greatest-hits compilation, and according to the contract, will get $8 million up front. However, since her divorce with Nick Lachey is not finalized yet, he may end up with half of that money.
Jessica Simpson has sold more than 12 million albums worldwide. Her album "In This Skin"(2003) became her biggest selling album ever.
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