PETE DOHERTY - DOHERTY TO SET UP RECORD LABEL

DOHERTY TO SET UP RECORD LABEL

Troubled rocker PETE DOHERTY is in talks to set up his own record label with the help of a millionaire British businessman.
The Babyshambles frontman is reportedly in talks with internet tycoon Andrew Michael, who is worth an estimated $100 million (GBP50 million), about forming their own company.
The move would pave the way for Doherty to have complete creative control over his music career.
A source tells British newspaper the Daily Star Sunday, "Pete's thinking the sky's the limit. He's getting some good advice and he can't wait to get going.
"A record label would be good to start with but he's got a whole host of other ideas to make money."