The Velvet Rope is the sixth studio album by American recording artist Janet Jackson, released October 7, 1997 by Virgin Records. Prior to its debut, Jackson had been at the center of a second high-profile bidding war over her recording contract. Following the release of her first greatest hits compilation Design of a Decade 1986/1996 in 1995, her contract with Virgin allotted her the option to leave the label. The Walt Disney Company attempted to sign her jointly with PolyGram, while Virgin sought to renegotiate her contract in order to retain her. Virgin was able to succeed in their negotiations, with Jackson receiving a historic $80 million dollar contract, making her the world's highest paid musical act for the second time in her career.