Johnny Depp, who fell into acting after he couldn't make it as a rock star, is starting his own record label.

"Johnny has always been passionate about music. He's taking a really hands-on approach to signing acts, a source told The Sun. "Obviously he can't get to as many gigs as he would like but he's got a good team around him and will personally vet any signings that they make."

Johnny has always been involved with music. He started the popular Sunset Strip venue The Viper Room, played on one of Oasis' tracks, and also jams with his own band, P.

Move over, Diddy! There's a new music mogul in town!