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Janet Jackson has signed a new record deal with Island Urban Billboard.com reports. Janet's boyfriend, Jermaine Dupri, is President of Island Urban however he will be taking a backseat during the production of her new album.

"She's on Island, but it's more or less [L.A. Reid's] project," Dupri tells Billboard.com. "I let him deal with that on a day-to-day basis. He's going to A&R that project, too. Janet's record is one that he's wanted to do for a long time. He's very passionate about it.”

Jackson previously recorded for Virgin Records where she dropped two consecutive commercially disappointing albums, "Damita Jo" and "20 Y.O."

Dupri went on to talk about the flavor of her up-coming album: "I don't really know what he's (Reid's) got in mind at this point. His past record isn't shabby so I'm going to let him do what he's going to do. I'm going to do [the new] Mariah [Carey album], and we're going to make it seem like we're in competition to see who's going to have the biggest album of the year."

Janet Jackson's new album is slated for release fourth quarter 2007.