Justin Timberlake Buys Himself A Piece Of MySpace

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justin timberlake Justin Timberlake Buys Himself A Piece Of MySpace

Justin Timberlake (Photo by Jason Kempin/Getty Images)

[photogallerylink id=134117]Justin Timberlake may have been in a movie about Facebook but it looks like he might prefer MySpace. The former boy band member has just bought a stake in the social networking site which sold for $35 million today to Specific Media. The advertising network announced that Timberlake will have an ownership stake in MySpace and will play an integral role in shaping the site’s future.

Plans for the future of MySpace should begin to take shape later this summer. Timberlake’s involvement in the project leads us to believe that music will obviously be the focus of the site’s revival. ”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,”  said Timberlake in a statement. “Art is inspired by people and vice versa, so there’s a natural social component to entertainment.”

How much Timberlake invested in the company is still unknown. However, he’s no business newcomer. The actor-singer co-owns William Rast clothing, founded his own label Tennman Records, created 901 Silver Tequila, owns he Mirimichi Golf course in Memphis, Tennessee and recently invested in a photo startup called Stipple and iPhone app company Tapulous.

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