Elijah Wood, aka Frodo from the trilogy "Lord of the Rings" announced he plans to launch his own record label. Elijah confessed this represents the fulfilling of his dream, to help overlooked bands to get their music heard.

He told Q magazine: "Since I was 13, I've been utterly obsessed with music. There's a wealth of amazing bands out there who have nowhere to go. I want to have the chance to release things that might not necessarily get released otherwise.

My taste is pretty eclectic, so my label won't have a specific sound. Though if Radiohead are ever looking for a deal, I'd sign them any time."

Wood also declared he's not into bands with actors in them, claiming he wants to help musicians, not to release his own album. He said: "I don't have a great love for bands with actors in them. Me prancing around onstage? That's not going to happen."