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".
Most people, and by most I actually mean everyone, won't want to have a topless photo of themselves in their wedding album. But Kim Kardashian isn't unlike most people. The Reality TV star broke out a topless photo in which she's only wearing sheer black tights to wish friend Riccardo Tisci a happy birthday. Read more
Being a ballerina doesn't look like it's as hard as playing football or basketball or any other sport. But in reality, that is far from the truth. Ballerina Misty Copeland is in a new video for Under Armour showing just how hard it is to be one. Read more
What if Jaws was condensed into a one minute animation? This would be the result. Done by 1A4 Studio, the 1975 thriller would save you a whole lot of time, without much suspense though. Check it out: Read more