Seeing as how no label wants to release K-Fed’s new album Playing With Fire, Kevin decided to start his own record label, Federation Records. The first release for Federation Records will be…wait for it…his own album.

First, forget that the name reminds you of Confedrated Products from the movie Go. Now think back to when you were a kid and all the other kids started their cool cliques that you were never invited in to. Imagine you formed your own group with the only member being yourself. Do you think people would be commending you on your entrepreneurial spirit or do you think you would be laughed at while getting your ass kicked?

For the people that are dying to hear K-Fed’s new single, he’ll be closing out the Teen Choice Awards on August 20. In something completely unrelated, you might be bewildered as to why Kevin seems happy to have another kid with Britney.

“Before he got married, Kevin was sitting down with lawyers, discussing legal and financial issues,� says a source. “He was sitting sort of slumped over with a baseball cap over his eyes and a lawyer was talking about how he had to sign a pre-nup and Kevin looked sort of bummed out. But then the lawyer explained that for every child the two of you have together, you would receive X amount of dollars. His eyes really lit up.�