This pop princess is unstoppable!
Katy Perry told The Hollywood Reporter she's following in the footsteps of Madonna and Prince by starting her very own record label.
"I'm preparing for it now," she explained. "And when this record label does come to fruition, I'm going to try and avoid things that take away any fighting chance for an artist to have financial success."
Katy added, "As people are coming to me with opportunities, I'm thinking, 'How would I want to be treated?'"
In addition to this announcement, something tells us this is going to be a big summer for the "Part of Me" singer! Her 3-D movie, Katy Perry: Part of Me will be released in theaters nationwide on July 5.