Katy Perry Reveals Plans To Start a Record Label

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The purple-haired pop princess is reportedly adding on to her empire.

Katy Perry, the artist who has recorded under labels including Interscope and Island Records, is now considering starting her own company. In an interview with the Hollywood Reporter, the songstress revealed her plans for the future.

"I'm preparing for it now," she said, revealing that the process was still very much in the beginning stages.

Though she doesn’t have a name for the label yet, when she does realize her goal she’ll be sure to shape the company based on her experiences in her career. How? By following the age-old tradition of treating others the way she would like to be treated.

“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,” she said.

According to THR, before Perry was the superstar we know her as today, she was initially low-balled by a label, offering her a deal for just under $1 million. She took a risk back then, turning down the offer, and later secured a deal with Warner/Chappell instead.

Perry has been known to bounce from label to label. Since being dropped by Columbia Records in 2006, she has since settled in with Capitol Records, who produced her most recent LP Teenage Dream in 2010.

The teenage dreamer recently took another financial risk with her 3-D movie Katy Perry: Part of Me, which she fronted a hefty $2 million to fund. Even with all her success, the move raised some eyebrows.

“My frugal business manager, God bless him, was sweating,” she said. “I was like, ‘Please trust me.’ That’s kind of been the mantra I’ve said to everyone my whole life: ‘Trust me, I have a vision.’”

Whatever she’s doing, it’s working. The singer has a net worth of $55 million and has grossed $59.5 million from her live performance sales alone.

Katy Perry: Part of Me opens in theaters July 5th.

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