It has been reported that Psy has officially signed on with Island Records, the label of Justin Bieber.

Psy's representative revealed on September 4th, "Psy has signed on with Island Records for his management worldwide with the exception of Korea."

Along with the news, it has also been announced that Psy will be attending the MTV VMA (Video Music Awards) coming up. The representative revealed, "Psy will be leaving Korea to stand on stage at the MTV VMA on the 6th, and will also be discussing future plans with Island Records during the trip."

Island Records is currently the management of popular world stars like Justin Bieber and Jennifer Lopez, and signing with the label will definitely be a good stepping stone for Psy on the road to becoming a global star.

Scooter Braun, the talent manager behind Justin Bieber, is said to have played a big role in the deal and he and Psy have celebrated the occasion with a drink and a toast, which you can see here.

In related news, Psy is currently nearing 100 million views on his "Gangnam Style" music video.

Source: Osen, Herald, Ohmynews