If there were any concerns about whether MySpace will continue to live on as a service that's tied to music culture, the new owners are trying to put that to rest. One of them being pop star Justin Timberlake.
Specific Media, which earlier today
"As part of the deal, Emmy and Grammy winning artist Justin Timberlake will also take an ownership stake and play a major role in developing the creative direction and strategy for the company moving forward," Specific Media said in a follow-up release. "Specific Media and Timberlake plan to unveil their vision for the site in an exclusive press conference later this summer."
In the meantime, the company says MySpace will become "the premiere digital destination for original shows, video content, and music."
How much of an investment Timberlake put in to the deal, which is rumored to sit at $35 million, is unknown.
This is not Timberlake's first business venture. He's the co-owner of clothing brand William Rast, owner of the Mirimichi Golf course in Memphis, Tenn.,