Not content to rest her head on the lap of the record-breaking chart success of her latest album, the Teenage Dream songstress Katy Perry is launching her own record label.
"I'm preparing for it now," Perry said in a cover-story interview in this week's edition of The Hollywood Reporter. "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."
The as-yet unnamed record label will be a subsidiary of Capitol Records, itself a subsidiary of EMI Records.
"Katy is one of our crown jewels," says Greg Thompson, executive Vice President of marketing and promotion for EMI. "She is a global superstar, she sells a large volume of music and is a significant piece of our family, financially and creatively."
Teenage Dream, Perry's 2010 album, remains tied with Michael Jackson's Bad for the most number 1 singles from a single album. She is the only artist in history to have spent over 52 consecutive weeks in the top ten of the Billboard Hot 100 chart. The California Dreams tour has raked in just shy of $60 million after 124 shows.