American Idol’s Pia Toscano Finally Signs Record Deal with Jimmy Iovine and Interscope Records

American Idol contestant Pia Toscano can finally say she has a record deal.

After Pia’s shocking elimination from American Idol it was announced that she had signed a record deal but her reps later said it was all just rumor.

Today, Jimmy Iovine and his Interscope Records announced that Pia Toscano has officially signed to the label and is now under management with Red Light Management.

Ex-Idol contestants Haley Reinhart and James Durbin are also under contract with Red Light.

Related: Did AI’s James Durbin Really Get Arrested?

Toscano’s first single, “This Time” has already been recorded and is set to release on July 15, 2011.

“Pia has been working with several artists and producers including Rock Mafia and is proud of her first single “This Time”. We look forward to a long relationship with Pia, and other Idol contestants.”

Pia was a viewer favorite before being booted from the show before Stefano Langone. There were also subsequent tales of a romance between the two.

Related: Pia and Stefano share off-set excitement

If you recall, Jimmy Iovine played a crucial role in last season’s Idol competition. It was speculated that any good talent would be snapped up by his Interscope records after the season was completed.

Pia told reporters after the announcement,

"I'm looking forward to working with him and everyone at Interscope Records and 19 Recordings. This is a dream come true."

She also said she will have a new album out before the end of the year and it will be a “huge, big diva sounding album.”

Watch Pia Toscano and Lauren Alaina Backstage Interview

Jimmy Iovine and Interscope also represent 50 Cent, Travis Barker, The Black Eyed Peas, Greyson Chance, Mary J. Blige, P. Diddy, Dr. Dre, Eminem, Fergie, Lady Gaga, new Kids on the Block, Pussycat Dolls, Soulja Boy, Sting, Timbaland, U2,, and others.

Pia seems to be in good company with Jimmy and we can’t wait to hear what she has to bring to the table.

Go get ‘em Pia.

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