Fa-La-Ahhhh!

Perez Hilton is reportedly in talks with Warner Brothers Records to form his own imprint: “The talks are preliminary, and an agreement is not certain, but Mr. Lavandeira could receive $100,000 a year as an advance against 50 percent of any profits generated by artists he discovers and releases through Warner Brothers, [sources] said.” Well, it could be worse: it could be a movie deal! [NY Times]