Britney is back and with a vengeance!

The once and future Princess of Pop is regrouping, reprioritizing and getting her life and career back on track.

Spears is also keeping busy with new projects and focusing on the future.

A source close to Britney reveals exclusively to PerezHilton.com that she is going to open her own dance studio."

"It will be right near Millennium [her favorite dance studio in the Valley," says our source. "And she plans to call it The Basement."

Spears has recently been teaching classes to children at Millennium, and opening her own dance studio is the natural evolution from that.

Source