Madonna has signed with Interscope, a source close to the situation confirmed to Billboard.biz Wednesday morning (Dec. 14).

According to a report in the New York Post, the singer will continue the 10-year multi-rights deal with Live Nation -- said to be worth as much as $100 million -- that she signed in 2007, but has inked a three-album pact with Interscope at a base of $1 million per album. Billboard.biz's source could not confirm the terms of the deal at press time but said the report sounded right. Sources indicated to Billboard early last month that Madonna was likely to ink with Interscope.

Source: Billboard.biz