BEIJING, Jan. 20 -- Amy Winehouse has reportedly spent 1 million to launch her own record label. The 25-year-old "Back to Black" singer has named the company Lioness and has already signed her first client - her 12-year-old god-daughter Dionne Bromley.

    Amy is so confident Dionne is music's next big talent she has allegedly lined up duets with "Just Dance" singer Lady GaGa, soul singer Lemar and "The X Factor" finalist Eoghan Quigg. Dionne's debut album-which is due for release in March-is also rumored to contain several duets between the young singer and her god-mother.

    A source said: "The album is co-produced and co-written by Amy. It has a kind of funky Motown soul sound. Amy thinks Dionne is so talented that she didn't wait for record companies to come knocking in a few years."

    Amy is so excited she even flew Dionne to St Lucia in the Caribbean - where the troubled star has been holidaying since December - to discuss the upcoming album. The source told Britain's News of the World newspaper: "This is a very exciting business venture for Amy, It marks a new phase in her career.

    Amy is covering all the costs herself. She wants to sign up more acts and bands that she supports to help nurture a new generation of talent."

    Amy-who has been battling drug addiction for the past year-has also vowed to be a good role model for the young singer. She reportedly told a friend: "I'm cleaning up my act for Dionne. She needs someone responsible around her to promote her career."