Lopez issues label split statement

Jennifer Lopez has issued a statement following reports that she has parted ways with her record label Sony.

The 'Louboutins' singer confirmed that she is no longer signed to Sony, but insisted that she will release her new album Love with a new label.

"I am making this statement to put an end to any confusion in regards to my next album, titled Love," she said.

"I have belonged to the Sony family since the beginning of my career as a singer and together we've had great success.

"I have fulfilled my contractual responsibilities with Sony/Epic up to this point, and we have both reached friendly terms about my departure from the label.

"I'm also happy to say that we've found a new home for my album Love and that it is slated for release in the summer of 2010."

It remains unclear why Lopez parted ways with Sony, but Deadline.com claims that she was either dropped after poor reception to her new single 'Louboutins' or left voluntarily after fulfilling her contract.

Lopez is rumoured to be in talks with Island label Def Jam about securing a new deal.

According to Nielsen SoundScan, Lopez has shifted over 11.8 million albums in the US since launching her career with debut On The 6 in 1999.