Gwyneth Paltrow loses record deal

Don't quit your day job Gwynnie!

Paltrow's talks for a record deal with Atlantic Records has recently gone kaput, according to reports. Did the execs accidentally see Country Strong?

The Oscar winner was close to a deal in March with Atlantic Records, after her Glee cover of Cee Lo Green's F*** You! was a huge hit on iTunes.

A source revealed to Page Six: "Atlantic bosses were very interested, and [Atlantic owner] Warner chief Lyor Cohen was very supportive. But then the talks halted and the deal fizzled out. There was a rumor that Paltrow wanted $1 million to sign, but that is a ridiculous figure. Atlantic is still interested in signing her."

Paltrow's rep said in a statement: "Atlantic was not the only company pursuing her, and she still has not decided if she wants to record an album. It is still something she is considering."