Youtube Sensation Austin Mahone Signs Record Deal
Posted on Wed Aug 29, 2012 09:00 AM PDT

mahone200wire.jpg LOS ANGELES, California (X17online) - Youtube teen star Austin Mahone, known as "Baby Bieber," has inked a seven figure distribution deal with Chase Records through Universal Republic. The label is home to successful artists like Owl City and Florence + The Machine.

16-year-old Mahone tweeted the exciting news to his legions of fans, and the announcement was retweeted over 5,200 times in a single hour.

A profile was written on the singer in the June issue of the Hollywood Reporter. "We are excited that Austin is officially signed and couldn't be happier with the deal. Our patience has certainly paid off. We have been very blessed," Mahone's mother Michele told the mag.

According to sources, Mahone's managers requested that the deal include profits made through merchandising, publishing, liscensing, recorded music, and other ancillary revenue.

Other major record labels including Warner Bros., Island Def Jam, and Epic were said to have been eager to sign the Florida native.