Hollywood socialite Paris Hilton has cut ties with record label Warner Brothers, in order to release upcoming album under her own label. The Heiress Records will put out Hilton's as-yet-untitled disc, which is reportedly set to hit stores later this year. It has not yet been publicized as to why Hilton and the label have separated. "Paris" peaked at No. 6 on the Billboard charts, but was widely seen as a flop with a dismal 75,000 copies sold in its first week. A Warner rep chose not to comment on whether weak sales were to blame for the split. Hilton unveiled her new single, "My BFF," on Ryan Seacrest's KIIS FM radio show earlier this week. "I was really inspired by Kylie Minogue, I wrote every song on the record," The New York Daily News quoted Hilton, as saying. Hilton's manager confirmed that the singer will be releasing her next album under her own label, but did not comment when asked whether his client had teamed up with another giant label (Agencies) ... read more »