Katy Perry has launched her own label, just days before she leaves to go on her Prismatic World Tour.
The new label is being called "Metamorphosis Music," and will be a sub-division of Perry's original label, Capitol Records.
And believe it or not, Perry already has signed one artist!
Ferras officially signed on as Metamorphosis Music's first artist. Ferras is a Jordan-born singer-songwriter who released his debut album Aliens & Rainbows in 2008, via EMI Records.
I'm wishing Katy the best of luck on this exciting development. Watch the video below for more details.