Demi Lovato and Nick Jonas are taking their relationship to the next level: from friends to business partners. Billboard reports that Demi, Nick, and their manager, Phil McIntyre, are launching Safehouse Records in partnership with Island Records, the label that represents Nick. Demi, whose fifth album is being released with Hollywood Records through the new label, said: "I've worked closely with both Nick and Phil for years, and we share the same point of view when it comes to making music. It's incredibly exciting to be part of this new company where I'm in control of all aspects of my career. I can't wait to share what we're working on!" We can't wait to see what stars Nick and Demi secure for their new venture.