Disney star Selena Gomez is on her way to becoming the next teen movie mogul after forming her own production company.

The 16 year old has formed July Moon Productions, a partnership with XYZ Films, to develop at least two films for the actress/singer to star in and produce.

The deal comes hot on the heals of a decision by Disney bosses to adapt her hit TV program Wizards of Waverly Place for the big screen - following in the footsteps of Miley Cyrus' upcoming Hannah Montana film, and Hilary Duff's 2003 The Lizzie McGuire Movie.

(This news article provided by World Entertainment News Network)