Justin Timberlake now in charge of MySpace ... kinda

Earlier today it was revealed that online advertising company Specific Media had purchased the social networking web site MySpace for a bargain basement price of $35 million. But that's not all. Today Specific Media revealed that one of the investors behind the purchase of MySpace is none other than pop music hit maker Justin Timberlake. Yes, the man behind some of the biggest recent pop music tracks of all time now has an ownership stake in MySpace.

Today's press release also states that Timberlake will also "play a major role in developing the creative direction and strategy for the company moving forward." While details of Specific Media and Timberlake's plans for MySpace will be revealed later this summer, Timberlake is quoted in the press release as saying, "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." In addition to becoming a destination for videos, music and "original shows", Specific Media states that MySpace will also "leverage the Myspace social networking infrastructure to deploy socially-activated advertising campaigns, enabling brands to turn their campaigns viral by allowing users to share their favorite ads with friends."

Ironically Timberlake played Sean Parker in 2010's movie The Social Network. Parker was the co-founder of Napster and was also one of the major forces behind the rise of Facebook. The popularity of Facebook helped to bring down MySpace to the level it currently is today.

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They need to just rename the thing so no one associates "myspace" with "uncool." Aol should do the same because it still gets a bad rap even though their content offerings are superb.

Talk about beating a dead horse... I just shut off my account there a few weeks ago and logged in one last time to get any last photos I hadn't downloaded together with my wife. Funny she was the only online friend I had in their chat thingy at the time (and it was a peak time too)...

Talk about beating a dead horse... I just shut off my account there a few weeks ago and logged in one last time to get any last photos I hadn't downloaded together with my wife. Funny she was the only online friend I had in their chat thingy at the time (and it was a peak time too)...

Talk about beating a dead horse... I just shut off my account there a few weeks ago and logged in one last time to get any last photos I hadn't downloaded together with my wife. Funny she was the only online friend I had in their chat thingy at the time (and it was a peak time too)...

Maybe he thinks that epileptic siezures from animated gifs and atrociously bad taste in design are making a comeback.

Specific Media states that MySpace will also "leverage the Myspace social networking infrastructure to deploy socially-activated advertising campaigns, enabling brands to turn their campaigns viral by allowing users to share their favorite ads with friends."

Yes because that's what the 100 people still on myspace will do. Watch advertisements and share them with friends...

Jdawg683 said,
"biggest recent pop music tracks of all time"

recent & all time?

Jesus, that really stuck out like a sore thumb to me as well.

What Facebook really lacks is a decent music scene. If myspace put its focus on that rather than other junk it may find some moderate success.

Fact is people are going to at some time look for a new type of social interaction site. facebook will not always be the best of the best. Myspace still has a lot of potential and is a well known brand. If done correctly, I can see people begin to use Myspace again. I think it's a smart move on Timberlakes part.

give Facebook to Chalrie Sheen and it will go bankrupt in a week.. im so damn sick of fb

allwynd said,
give Facebook to Chalrie Sheen and it will go bankrupt in a week.. im so damn sick of fb

One time I got sick of pepperoni pizza, and all I did was didn't order it anymore. Could you not just "not go" on Facebook? seems simple enough

rippleman said,

One time I got sick of pepperoni pizza, and all I did was didn't order it anymore. Could you not just "not go" on Facebook? seems simple enough

how about i still use it.. that okay with you?

No... let MySpace rest in peace.
I wanna know what the next big thing is going to be after FaceBook though.
It certainly shouldn't be MySpace again.
Hey I bet we all remember when LiveJournal was cool.

netsendjoe said,
No... let MySpace rest in peace.
I wanna know what the next big thing is going to be after FaceBook though.
It certainly shouldn't be MySpace again.
Hey I bet we all remember when LiveJournal was cool.

Liverjournal was cool?

No... let MySpace rest in peace.
I wanna know what the next big thing is going to be after FaceBook though.
It certainly shouldn't be MySpace again.
Hey I bet we all remember when LiveJournal was cool.

The only chance they have is to make it music focused. That is one place facebook doesnt have down, and for some reason I have never heard anyone from facebook talk about making it better for bands/music. Basically seems to me as if facebook is willing myspace to live in a capacity because they don't want to enter into the music thing.

the only thing with Timberlake that i am interesting in, in the near future is the film...

In Time (2011) (i.e. http://goo.gl/dwhXX ) (due October 28th) ... that film i suspect will be in my Top 10 films of 2011. but it's mostly because of the director (Andrew Niccol) as he makes quality films. Niccol directed one of my all time favorite films which is 'Lord of War' (2005).

LMFAO!!! That is the most ridiculous news I've heard this year!

MySpace is dead... and will continue to go further down the drain due to the success of Facebook, no matter who is behind the reins at MySpace...

haha... good luck with that!