Demi Lovato Is Starting a New Record Label With Nick Jonas, Thanks Manager for Saving Her Life

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Demi Lovato has a new venture!

The "Heart Attack" singer is teaming with her friend, fellow ex-Disney star Nick Jonas, and manager Phil McIntyre to launch an artist-centric label, Safehouse Records.

After announcing the deal, the 22-year-old wrote that May 26 was a day she'll "never forget."

WATCH: Demi Lovato Teases New Sound 

Lovato also gave special thanks to McIntyre, crediting him with helping with her sobriety. "This man not only believed in me when I was 15 and made my entire career happen, but he fought so f**king hard to get me sober. When so many others had given up on me, he never did," she wrote on Instagram along with a picture of them with their signing pens.

"He told me he cared too much about me to watch me self-destruct," she continued. "Therefore at the very end of my drinking and using he gave me one last chance.. Get sober and he'll stay, or he'd have to leave. He did that out of love. He is one of the very few people who LITERALLY saved. my. life. I don't think I'd be alive without him for many different reasons."

NEWS: Wilmer Valderrama Is Proud of Demi Lovato's Sobriety 

In March, Lovato celebrated three years of sobriety and thanked her boyfriend Wilmer Valderrama for his continued support, saying she "wouldn't be alive today" without him.

Lovato plans to release her fifth album, which she is currently recording, via Safehouse Records, Hollywood Records and Island Records. She previously released music through Hollywood Records. Jonas will also release new music via the venture, which will sign artists who will become part owners.

Nick Jonas is not only keeping busy with Demi as he'll also be joining Scream Queens in September. Watch below.:

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