Janet is the fifth studio album by Janet Jackson, released on 18th May, 1993, through Virgin Records. 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, but after meeting with then 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.