Katy Perry is starting her own record label, she says, in order to "avoid the things that take away any fighting chance for an artist to have financial success."
In an interview with The Hollywood Reporter, Perry contends that the decision was not an easy one but the right one:
"My frugal business manager, God bless him, was sweating and 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.'"
Currently, the "Teenage Dream" hitmaker has not decided on a name for her label.
In the interview, Perry also spoke on her split from Russell Brand, saying she has had to learn to divide her personal from her public life:
"I had to smack myself across the face and say, 'These problems are my problems, they are not my audience's problems, learn to separate that.'"
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.