Michael Slezak
June 09, 2009 AT 05:01 PM EDT

A day after announcing American Idol season 8 champ Kris Allen’s deal, 19 Recordings revealed it has also signed runner-up Adam Lambert, and that, as widely rumored on the Internet, his debut album will be licensed to RCA Records for a fall release.

Currently, Lambert’s cover of “Mad World” sits at No. 44 on Billboard’s Hot 100, one of his four singles (along with “No Boundaries,” “A Change Is Gonna Come” and “One”) residing on that chart.

“I’m thrilled that we’ve come to a creative and collaborative partnership and look forward to developing a really exciting album,” Lambert said in a release. “We are 100 percent on the same page and are all anxiously awaiting the start of the recordings. It’s going to be ridiculous! Get Ready!”

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