Amy Winehouse sets up record label

Amy Winehouse has decided to spend £1 million to set up her own record label, a report claims.

The troubled singer has vowed to transform herself into a music mogul for the sake of her 13-year-old goddaughter Dionne Bromfield, who has become her first signing.

According to the News Of The World, Winehouse has already started working on Bromfield's debut album and has recruited Lady GaGa, Lemar and X Factor finalist Eoghan Quigg to record duets with the teen. The disc is expected to be released in March.

A source told the newspaper: "The album is co-produced and co-written by Amy. It has a kind of funky Motown soul sound.

"Amy thinks Dionne is so talented that she didn't want to wait for record companies to come knocking in a few years."

Bromfield confirmed: "I had a lot of record companies wanting to sign me but I didn't know where to go. So for Amy to set up this record company and make me her first signing means so much."