Being the "American Idol" runner-up has its rewards, too. Katharine McPhee, who lost out to Taylor Hicks in the top-rated Fox show's finale two weeks ago, has signed a record deal with music mogul Clive Davis in conjunction with 19 Recordings Unlimited, the label managed by "Idol" creator Simon Fuller, it was announced Tuesday.
The 22-year-old California native's recording of two songs — "Over the Rainbow" and "My Destiny" — will be released in stores and through digital outlets on June 27.
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