Cheryl Fernandez-Versini is planning on starting up her own record label.
Set to compete with fellow X Factor judge and frenemie Simon Cowell - who runs Syco Music with Sony - she'll kick things into gear later this year, keen to attract differing genres to her venture.
Cheryl Fernandez-VersiniA music industry source said to the Daily Mirror newspaper: "It's a natural next step for Cheryl, having coached contestants for years on The X Factor.
"She knows what it takes to succeed in the industry from her experience as a performer - both as a solo artist and as a group, from her years in Girls Aloud.
"Cheryl definitely knows her stuff. The artists she'll be interested in won't just be pop acts - it will cross over all genres.
"She loves music and is really excited about being able to springboard new talent".
The singer is set to move onto making the label a success following the release of her new album later this year.
The source continued: "At the moment, she has just finished recording her new album.
"Once 'Only Human' has been released - towards the end of the year - she's going to focus all her attention on her label.
"There's interest from all the big labels, but Cheryl may just go it alone."
Simon admitted back in March he'd love offering Cheryl a label at Sony, and so the news shouldn't come as a surprise to him.
Tagged in Cheryl Tweedy