Jennifer Lopez, Pitbull Re-Team Once Again For 'Live It Up' Single

Jennifer Lopez, in her skin-tight, skin-colored bodysuit, performs with Pitbull at the 2011 AMAs.VIDEO: The Top 10 AMAs Moments of All Time

Pair previously collaborated on "On The Floor" and "Dance Again."

"Return of the Jedi." "Die Hard with a Vengeance." That "Home Alone" movie with a 13-year-old Scarlett Johansson. These are just a few third installments in iconic franchises, and next month, the third annual "Jennifer Lopez summer anthem featuring Pitbull and produced by RedOne" will be unleashed onto pop radio.

"Live It Up," Lopez's next single, will be released on May 8, and indeed feature a Pitbull guest spot as well as production from RedOne. The track will lead Lopez's eighth studio album, which will also feature appearances from Chris Brown and Future and is due out later this year.

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The trio of Lopez, Pitbull and RedOne has previously collaborated on Lopez's 2011 hit "On The Floor," taken from her last full-length "Love?," and on last year's "Dance Again," from her "Dance Again… The Hits" compilation. "On The Floor" and "Dance Again" have respectively sold 3.8 million and 1.2 million downloads according to Nielsen SoundScan, placing the forthcoming "Live It Up" squarely in the "if it ain't broke…" line of pop production.

In the meantime, Lopez is promoting "The Fosters," an upcoming drama series on ABC Family that focuses on a same-sex couple raising several adoptive children. The show, on which Lopez serves as an executive producers, is set to premiere on June 3.