Janet (stylized as janet.) is the fifth studio album by American singer Janet Jackson. It was released on May 18, 1993, by Virgin Records America. Prior to its release, Jackson was at the center of a high-profile bidding war over her recording contract. In 1991, her original label A&M sought to renew her contract, while others, such as Atlantic, Capitol, and Virgin all vied to sign her. After meeting with Virgin owner Richard Branson, she signed with the label. The contract was worth an estimated $40 million, making her the world's then-highest paid musical act. Janet marks Jackson's second eponymous record after her debut studio album, Janet Jackson (1982).