Katy Perry Plans to Create Own Record Label

Katy Perry graces the cover of the latest issue of The Hollywood Reporter.

Here’s what the 27-year-old singer had to share:

On her California Dreams tour: “There were times when what was going on in my personal life was so overwhelming that I had to bend over to let those tears fall straight out of my eyes and not my false lashes just as I’m about to go up on that ramp and sing ‘Teenage Dream.’”

On dealing with divorce from Russell Brand in her songs: “Like how I write my songs, honesty has always worked for me. So if it ain’t broke, why f—ing fix it? … Nobody knows what really happened [in the breakup] except the two people who are in it.”

On creating her own record label: “When it 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.”

Bigger pic inside…