Greyson Chance: First artist signed to Ellen DeGeneres' new label, eleveneleven

ellen-degeneres-greyson-michael-chance.jpgOh, Justin Bieber. So young to have someone breathing down your neck. Especially when he has the same bangs

Ellen DeGeneres will be announcing on her talk show Wednesday (May 26) -- Hey, that's the same night as the "American Idol" finale -- that she's starting a new record label, eleveneleven, and ... wait for it ... the first artist she's signed is none other than 12-year-old Greyson Michael Chance.