TORONTO, ON - JUNE 17:  Katy Perry perfoms at the 2012 MuchMusic Video Awards at MuchMusic HQ on June 17, 2012 in Toronto, Ca
George Pimentel

I like Katy Perry. Why? She writes her own songs; her songs are smart and fun or anthemic and empowering, and I think she's a good role model for young women. Also, she's really funny—I met her at Coachella and she cracked me up in the three minutes (and 32 seconds, but it's not like I'm counting) we spent chatting backstage. So I'm excited that she's extending her awesomeness in the music biz with a new venture: a record label.

In a revealing new cover story in The Hollywood Reporter, the 27-year-old pop star opens up about the new label, her divorce from British comedian Russell Brand and her upcoming 3D concert documentary, Katy Perry: Part of Me. Read the highlights below.

On her divorce from Brand: "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,'" she said. Perry also said that it's impossible for anyone else to know what happened to her brief marriage to the British funnyman. "Nobody knows what really happened except the two people who are in it."

On the new record label: "I'm preparing for it now," Perry said of the yet-to-be-titled imprint. "And when this record label 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." And it sounds like she'll be an understanding label head: "As people are coming to me with opportunities, I'm thinking, 'How would I want to be treated?'"

On Katy Perry: Part of Me: Perry said that part of her vision for the movie was to chronicle her failing relationship with Brand as her career took off with a record-breaking streak of chart-dominating singles from Teenage Dream. She said that honesty matches her approach to writing songs, too. "Honesty has always worked for me ... so if it ain't broke, why f---ing fix it?" Perry also put up $2 million of her own cash for the movie and had to convince her skeptical business manager that it was worth paying to film her November 2011 concert at Los Angeles' Staples Center in 3D. "I was like, 'Please trust me,'" she said. "That's kind of been the mantra I've said to everyone my whole life: 'Trust me, I have a vision.'"

What do you think about Katy Perry? Do you, like me, have a lil soft spot for her? Sound off in the comments!