MySpace Acquisition Settled, Justin Timberlake Revealed To Be An Investor
Jun 30, 2011 18:18
Ruper Murdoch's News Corporation had recently agreed to sell Myspace to Specific Media for $35 million, a fraction of the $100m it was initially seeking earlier this year.
Hours after news of the sale went public, Timberlake announced his minority stake in the company. Based on a statement provided to The Hollywood Reporter, "The Social Network" star is set to help Specific Media develop the company's future strategy and creative direction:
"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. I'm excited to help revitalize Myspace by using its social media platform to bring artists and fans together in one community."
In an interview with AdAge, Specific Media chief executive Tim Vangerhook revealed how Timberlake had put his own money into buying Myspace, but refused to disclose how much. He confirmed that the former N Sync singer will have an office in Myspace but that he was "probably not going to be there every day".
What if in an alternate universe, all the movies that were ever made actually lived in one single movie, and that single movie happened to be Transformers, (directed by Michael Bay.) The answer: none of them would ever come to be because of all the destruction they constantly cause. Read more
Makeup is wondrous, but sometimes, it completely transforms someone's look altogether. This woman here looks pretty okay we'd say, but after she starts peeling away layers of makeup on one side of her face, you'll want to not trust how anyone looks like with makeup after that. Read more
You've not seen the Mother of Dragons in this light before. Aside from being the unburnt, the ruler of all seven kingdoms and all that jazz, she can also sing too. What else can she NOT do? Check out the video below: Read more