This just in: Ellen DeGeneres has formed her own record label – eleveneleven – and signed YouTube sensation Greyson Chance as her first artist.The 12-year-old caused a huge sensation when this video of him performing Lady Gaga’s “Paparazzi” was posted on Youtube this past April.Ellen saw it and invited him on her show, and he was back yesterday when she made her announcement.Wow. No wonder Ellen scooped him up. The kid’s incredible! And it’s no surprise that Ellen would start a label to discover new talent. She’s been doing it for years on her show, despite the naysayers who criticized her addition to the Idol judges’ panel.You can learn more about Ellen’s new labeland Greyson Chance on the Ellen Show website.