Despite some legal warning shots fired over their record label's bow, the Backstreet Boys have decided not to leave Jive Records and have inked a new multi-album deal worth $60 million.

The new arrangement effectively puts an end to the breach of contract suit that the Backstreet Boys filed last month against Jive (see "Backstreet Boys Shopping For New Record Label").

Now the group has signed a new five-album deal with Jive and will receive a significant amount of up-front money for the Backstreet Boys' next release, tentatively scheduled to drop in September.

There aren't any 'N Sync stipulations, nor any mention of the other multi-platinum Orlando-based boy band, in the contractual wording of the Backstreet Boys' new deal, which was allegedly sparked when 'N Sync signed on with Jive Records in September (see "'N Sync Jumps To Jive Records; New Album Delayed")

After joining the Jive roster, 'N Sync has been embroiled in a series of lawsuits with their former manager, Louis J. Pearlman, his Trans Continental Media company, and BMG Entertainment, the parent company of the group's former label, RCA Records (see "'N Sync, Trans Continental Clash Over Lawsuit").

The Backstreet Boys have already sold some seven million copies of their newest album, "Millennium," released earlier this year.