Greyson Chance Signs Record Deal - Interscope Records

Internet-sensation Greyson Chance just got signed by Interscope Records according to reports.
He's just 12-years-old. Reports say "Jimmy Iovine closed the deal before any other label could even step in and meet the kid.”
Is Greyson the next Justin Bieber? This is crazy!
Source JustJared / CrazedHits
Incidentally, the "Taiwanese Boy" Lin Yu Chun who sounds like Whitney Houston has also been signed by Sony Records.