Katy Perry To Launch Her Own Record Label
Posted on Thu Jun 21, 2012 01:14 PM PDT

katy-perry-record-200.jpgLOS ANGELES, California (X17online) - Katy Perry is following in the footsteps of stars like Madonna and Prince by launching her own record label, she reveals in the new issue of The Hollywood Reporter.

"I'm preparing for it now," she tells THR. "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?' "

Perry has been with EMI's Capitol Records since 2007.