After being embroiled expensive in a lawsuit with their label last year for a surprising $30 million, 30 Seconds To Mars and Virgin have apparently mended fences. The band has re-signed to EMI/Virgin in a new worldwide deal. 30 Seconds to Mars, fronted by vocalist, guitarist, and songwriter Jared Leto, is currently in the studio in Los Angeles recording their third album with acclaimed producer Flood, known for his work with U2, Nine Inch Nails, Depeche Mode, and Smashing Pumpkins.

The emo/rock band, fronted by actor Jared Leto, sold a million copies of their last album, A Beautiful Lie and hit the mainstage at Warped in 2006.

Journalist James Montgomery recently visited the studio where the band is recording and posted an elaborate account. You can find that here.