Katy Perry to Launch Her Own Label

Katy Perry is launching her own record label.

The "Part of Me" singer is working on plans to create a company which gives power to the artist rather than label executives.

"I'm preparing for it now. And when this record label does come to fruition, 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?'" she told The Hollywood Reporter.

By setting up her own label, Katy - who has been signed to EMI's Capitol Records since 2007 - will follow in the footsteps of Madonna, who started Maverick Records under Warner Music Group in the 1990s; Frank Sinatra, who founded Reprise; and Prince, who created Paisley Park Records in 1985.

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