Madonna [ tickets ]'s record label announced this week its foray into the Latin music scene with the launch of its new Latin Division. The division will focus on up-and-coming Latin artists.

"I think most people know how interested I am in pushing cultural and artistic boundaries, and I've always been inspired by the passion and spirit of Latin music," said Madonna in a statement released by Maverick.

Bruno Del Granado, a 16-year industry veteran who was part of the team behind "MTV Latin America," will head the division. Granado said the new division already has a few artists it is interested in, but he did not specify any by name.

Both Maverick and WEA Latina will be partners in this new endeavor.