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LOS ANGELES, CA - MARCH 11: Singer Mariah Carey at Nickelodeon's 2017 Kids' Choice Awards at USC Galen Center on March 11, 2017, in Los Angeles, California. (Photo by Alberto E. Rodriguez/Getty Images)

Mariah Carey is kicking the next era of her career into overdrive with the announcement today that not only is new music on the way, but that the singer is now a business owner yet again.

Epic Records and Mariah Carey revealed today that the pop/R&B star has created her own record label, Butterfly MC Records, and the company has already signed a joint partnership with Epic, which is in turn owned by Sony Music. Artists owning their own record label isn’t a groundbreaking idea at this point, and it is somewhat surprising that Carey hadn’t gotten around to launching one until this point in her career. When an artist releases an album on their own record label, even if only jointly with a larger, more established firm, it helps bring in more revenue, offers tax incentives and it can give the musician more control over their own music and it is useful when negotiating later on.

It appears that the first title to be released off of Butterfly MC Records (named for the superstar’s longstanding love of butterflies and, of course, her initials) will be Carey’s next project, her fifteenth studio album. There is no word yet on whether or not Mariah will work with other artists to release albums on her newly-established label.

A new album isn’t necessarily surprising news, but it is certainly welcome, especially to her millions of fans around the world. The singer released a new single entitled “I Don’t” with rapper YG in February, though the track didn’t make much of an impact, as it peaked at No. 89.

This upcoming record will be the superstar's first since 2014’s Me. I Am Mariah… The Elusive Chanteuse, which only managed to spin off one top 40 hit, which is surprisingly low for somebody as popular as Carey. The release didn’t reveal any additional details about the to-be-released album, such as a title, a release date or when any music may be made available, but it’s great to hear that in one form or another, Carey is working on new tunes.

Those who know how close Mariah is to Epic label boss L.A. Reid shouldn’t be too shocked by today’s news, as the two have been big fans of one another for a long time. Reid served as the executive producer on two of Carey’s albums, and he helped usher in her massively successful comeback in the aughts with records like The Emancipation Of Mimi and E=MC2. Reid runs Carey started her career at Columbia Records, which is itself owned by Sony as well.