'My Own Monster' chanteuse Katy Perry's starting her own record label.
In a fairly lengthy 'chat' with the Hollyword Reporter, Perry said she was currently in the process of "preparing" the as-yet-unnamed label.
"And when this record label does come to fruition," she said, "I'm going to try and avoid the things that take away any fighting chance for an artist to have financial success. As people are coming to me with opportunities, I'm thinking, 'How would I want to be treated?'"
Fingers crossed it will be as successful as Madonna's Maverick label which brought us the likes of Showoff, Neurotic Outsiders and of course, Wank.