Justin Timberlake Takes Strategic Role at Newly Sold Myspace

Justin Timberlake has turned his role as an owner in the movie Social Network into reality. The pop superstar, who played Napster co-founder Sean Parker in the hit film, based on the beginnings of Facebook, took stock in one FB’s biggest rival, MySpace.com.

Myspace was recently acquired by online advertising network Specific Media after News Corp. sold the failing platform for $35 million, a far cry from the $580 million they paid for the portal.

Now Timberlake, who is now a part owner, is hoping he can help revive the flunking site, changing the focus to music.

A statement from the pop star/actor reads, “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.”

Specific CEO Tim Vanderhook adds, “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.”

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