American singer and actress Katy Perry is now considered as one of the best singers in the music industry. The ‘Wide Awake’ singer is also one of the best selling artists of the modern era and will be making good use of her experience and wisdom in to a proper business.

Perry is now all set to launch her own record label. However, starting a new record label might not be the right thing to do in 2012 as the sales of CDs are totally down and the other labels are struggling with mergers and shut downs.

But still the singer insist on diving in to it and giving it a shot full on. Perry in her Hollywood Reporter cover feature said that she is preparing for it right now. The singer said, “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.”

Only an artist can recognise an artist and Perry is now all set to approach this business with an artist friendly stance. Earlier even other artists like Madonna and Price have gone ahead and launched their own record labels. This is usually a way for the artists to gain some publicity as well as some income.

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