Pop Diva Jennifer Lopez Inks Planet Hollywood Residency Deal, Or Not

National treasure TMZ is reporting Jennifer Lopez has signed a deal to perform a multi-million dollar residency at Planet Hollywood in Las Vegas.

TMZ says it got its hands on a contract showing Lopez will receive $350,000 per show, even more than Britney Spears, whose run has been a windfall for Planet Hollywood. (Spears recently got a bump in pay, a testament to the financial success of the show.)

Jennifer Lopez
When Jennifer Lopez performs onstage live, she’s compensated up front. In movies, it’s typically a back-end deal.

Lopez will supposedly perform a total of 72 shows, three times a week for 24 weeks (over a one or two year period).

The deal guarantees Jennifer Lopez will make $26.3 million for her shows at The Axis inside Planet Hollywood.

Planet Hollywood owner Caesars Entertainment, however, says reports of the deal are premature, something with which this blog is all too familiar.

An official statement said, “Caesars Entertainment is always engaged in blah blah blah, but at this time Jennifer Lopez has not been presented with any offer to perform at Planet Hollywood Resort & Casino.” So, what’s known in PR circles as “hooey.”

Our usual contacts inside Caesars are staying mum on this one, so even an off-the-record confirmation isn’t happening quite yet.

In another apparent confirmation, though, an insider told HollywoodLife.com, “Jennifer is looking forward to Season 14 and also anticipates Season 15 of ‘American Idol,’ and having those thoughts was an important negotiating tool when it came to her Vegas gig. There will be zero conflict and she is excited to do both gigs. She loves being busy and she is an amazing businesswoman, so this is just another piece to her brand.”

Since additional information is scarce, let’s enjoy some of Lopez’s recent work.