Demi Lovato and Nick Jonas Launching New Record Label!

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Here's some truly exciting Demi Lovato and Nick Jonas news – the two are launching a record label together! Hey, it may not be a new duet, but it's so cool to see these old friends hooking up for a new collaboration.

Demi, Nick, and manager Phil McIntyre have teamed up with Island Records to create Safehouse Records. Demi told Billboard, "I've worked closely with both Nick and Phil for years and we share the same point of view when it comes to making music. It's incredibly exciting to be part of this new company where I'm in control of all aspects of my career. I can't wait to share what we're working on!"

We can't wait either!

Look for Demi's next album to be released on Safehouse Records in collaboration with Island and her current label, Hollywood Records.

Of course, that means Demi and Nick will be finding talented artists to sign to their label, so we look forward to seeing who comes on board the "artist-centric label."

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