Oprah might have a magazine and a network, but Ellen DeGeneres has something that “The Queen of Daytime” doesn’t: a record label.

The talk show host announced Tuesday that she has started her own record label, eleveneleven, and will use her show as a platform to find more new talent, reports ABCNews.com. DeGeneres has already signed her first artist: YouTube sensation Greyson Chance, the kid who is known for his rendition of Lady Gaga’s hit, “Paparazzi.” Chance, only 12 years old, has also written and composed some original material that was also posted on YouTube.

DeGeneres said in a statement released Tuesday that Chance “inspired” her into creating eleveneleven, which will be a joint venture with Telepictures Productions.

Along with her daytime show, The Ellen DeGeneres Show, DeGeneres recently joined American Idol this past season as a judge, filling Paula Abdul’s vacant spot.

So do you guys think that Ellen DeGeneres has the chops to run a record label? Will Greyson Chance make Justin Bieber obsolete? Let’s hear what you had to say!

1. 
   iamupscale Wait so Ellen Degeneres is launching a record label called Eleven Eleven….
2. 
   fudurich Ellen DeGeneres starts own record label. And people wonder why the biz is in the shitter.
3. 
   davidn17 Ok so I have nothing against Ellen Degeneres, but what the hell is she doing starting a record label?
4. 
   ashleysamonster @amandapalmer so how do the twins feel about Ellen Degeneres’ new record label called “Eleven Eleven”? are they offended?
5. 
   shorty129 Whoa! Ellen DeGeneres (@TheEllenShow) is starting her own record label! That’s freaking awesome!
6. 
   Violette82 RT @misterjaded: Ellen DeGeneres has a record label. And her mission is signing all teenage boys with hair like hers.
7. 
   BradK329 Ellen DeGeneres is starting a record label..wtf? she judges a few people on American Idol and thinks she’s the next @iamdiddy..smh
8. 
   joshterryaware If you needed further proof the record industry is dying…ellen degeneres just started a label where she’s signing kids who are on youtube
9. 
   tannenbaumr Ellen DeGeneres has inspired me to start a record label, so that I can not sign Lee DeWyze. #Idol 

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