Jennifer Lopez Inks $26 Million Las Vegas Residency Deal

The New York Post reports that Jennifer Lopez has just inked a two-year, $26.3 million residency deal in Las Vegas. The mega-star will be sharing the show space with Britney Spears, who is currently in the middle of a two-year contract at The Axis inside Planet Hollywood.

The 'American Idol' judge can take in as much as $350,000 per show. Spears currently earns about $310,000 a show, according to TMZ. J-Lo is scheduled to perform three shows a week over 24 weeks spread out over a two year period.

The singer will return as a judge on FOX's AMERICAN IDOL in January.

Lopez has sold more than 75 million records worldwide and starred in multiple box-office No. 1 films, including "Monster-In-Law" and "The Wedding Planner." In 2001, "The Wedding Planner" was the nation's top-grossing film, while her album, "J.Lo," was No. 1 on the Billboard Top 200 Chart. The two simultaneous No. 1 honors made Lopez the first woman in history to have a No. 1 movie and No. 1 album in the same week.

In May 2011, Lopez released the album "LOVE?," The first single, "On The Floor," also featuring Pitbull, became a worldwide phenomenon. This song shot to No. 1 in 18 countries and became the most downloaded song of her career. The music video set an all-time record, making Lopez the first female artist on online video site Vevo to rack up 100 million views in the shortest amount of time. The music video has become the most watched music video by any female artist in the history of YouTube, logging more than 686 million views.

She made her feature film debut in the highly acclaimed "Mi Familia," then earned widespread acclaim for her work in the title role of "Selena," which brought her a Golden Globe Award nomination. Her film credits include Lasse Hallström's "An Unfinished Life," with Robert Redford and Morgan Freeman; Oliver Stone's "U-Turn"; "Maid In Manhattan"; "Money Train"; Francis Ford Coppola's "Jack," with Robin Williams; "Blood and Wine," oppositeJack Nicholson; Luis Mandoki's "Angel Eyes"; "The Cell"; Steven Soderbergh's "Out of Sight," with George Clooney; Michael Apted's "Enough"; and "Anaconda." Playing the role of actress and producer, she starred in the feature films "El Cantante," a drama about the life of salsa legend Hector Lavoe, and "Bordertown," oppositeAntonio Banderas. In 2011, she starred in the romantic comedy "The Back-up Plan."

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