Just call her L.Lo.
Lindsay Lohan, Hollywood's latest It girl thanks to sparkling performances in such hit flicks as Mean Girls and Freaky Friday, is officially a multi-hyphenate, having just inked a record deal with Tommy Mottola's Casablanca Records.
"I can confirm Lindsay has indeed signed with Casablanca," Peter Lofrumento, a rep for Casablanca's parent company, Universal Music Group, told E! Online.
No further details were disclosed, but it's believed Lohan has locked up a long-term, multi-album pact.
Lohan, who turned 18 a week ago, does have a musical pedigree--and we're not talking about her role as a rocker in Freaky Friday or as girlfriend to popster Aaron Carter.
Her mom was once a Rockette at Radio City Music Hall, and Lindsay knows her way around a studio.
In 2002, she signed a five-album production deal with producer Emilio Estefan Jr. with the idea that he would shop her around to a major record label. (It's not immediately clear whether Estefan will remain involved in Lohan's recording future.) She also sang the song "Ultimate" on last year's Freaky Friday soundtrack and contributed three tracks this year to Confessions of a Teenage Drama Queen.
It was her made-for-soundtrack cuts that caught the attention of Mottola, the former boss of Sony Music.
"I'm thrilled we have her," Mottola told the New York Post. "I think she's the next big star on the horizon. She has the potential--if not more--of any of the big ones I've worked with."
That would put Lohan in some elite company. Mottola is known for nurturing the megasuccessful careers of Celine Dion, Jennifer Lopez and the former Mrs. Tommy Mottola, Mariah Carey (they divorced in 1998), while heading Sony's music label for a decade and a half.
After leaving Sony, Mottola linked up with Universal Music Group and formed his own label, Casablanca Records. According to the Post, Casablanca recently signed a deal to distribute all of Miramax Films' soundtracks, including Shall We Dance?, an upcoming musical starring Jennifer Lopez and Richard Gere.
The Post says Mottola wants to put Lohan on the same musical trajectory as Lopez.
Lohan's first album on the Casablanca imprint is expected to hit record stores by the end of the year.
Besides recording, feuding with Hilary Duff, partying with Paris Hilton and purportedly dating That '70s Show's Wilmer Valderrama, the Parent Trap star has several high-profile flicks in the pipeline, including Herbie: Fully Loaded, an update of Disney's Love Bug; Dramarama, in which she plays a rich kid forced to attend public school after her family suffers economic misfortune; Gossip Girl, a comedy about dueling rich girls; and Fashionistas, in which she plays a young fashion designer out to exact revenge on a former editor.