Justin Timberlake Is Bringing MySpace Back

Justin Timberlake must have really been inspired after playing Sean Parker, a web-savvy entrepreneur who co-founded Napster and had a part with Facebook in The Social Network. We learned today that MySpace sold for $35 million to an advertising network called Specific Media and Justin Timberlake will take an ownership stake in the company and play a role in its future, which they say we will learn more about later this summer.

In a statement Justin says:

“There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. Myspace has the potential to be that place.  Art is inspired by people and vice versa, so there’s a natural social component to entertainment. I’m excited to help revitalize Myspace by using its social media platform to bring artists and fans together in one community.”

Tim Vanderhook, CEO of Specific Media says of Timberlake:

“We look forward to partnering with someone as talented as Justin Timberlake who will lead the business strategy with his creative ideas and vision for transforming MySpace.” He added that he is looking forward to what he called “the next chapter of digital media.”

Should be interesting to see if they can in deed bring MySpace back.

photo: Wenn.com