In a bid to start signing his own artists, 'Give Me Love' singer Ed has partnered with Warner music to create his own imprint.
Speaking to The Sun, Ed said that he's already got his first signing in mind: "The door has now been opened, I've set up the label and I'm going to start signing people. It'll be an imprint that goes through Warner. But I'll get the rights back in about ten years."
After a hugely successful year, Ed is planning to put all his focus into his record label in 2015, when he takes some time off.
"There are people on that scene who make me look terrible by just being so good," he continued. "They haven't got the right platform.
"I have a tour and Twitter, so I can put them in front of my fans instantly. I can sit down with heads of radio stations and ask whether they'll play it on the radio. I'm in a really fortunate position to be able to break acts."
Last weekend, Ed jumped for joy after his single 'Thinking Out Loud' topped the UK music charts. After a mammoth 19 weeks in the Top 40, the ballad climbed to the Number One spot on Sunday.
Ed is also celebrating the success of his second studio album X, which is currently the fastest-selling and longest-running Number One album of 2014.
After celebrating his chart-topping single, Ed said this week: "It's official! Thinking Out Loud is my 2nd UK #1 from X. Thanks to everyone supporting it, it's mental that its the longest ever climbing single to reach #1. 19 weeks and we here."
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Watch Ed's music video for 'Thinking Out Loud' below: