Justin Timberlake part of MySpace deal
Actor/singer Justin Timberlake attends the after party for the premiere of "Bad Teacher" at the The Bowery Hotel in New York City. (June 20, 2011) Credit: Getty Images
Justin Timberlake's longtime manager Johnny Wright said a talent show or some other way of developing new artists will be core to the revamp of MySpace, according to The Associated Press.
The kernel of an idea is what has emerged from a frenzied two weeks of deal-making that brought the former *NSYNC pop star into a partnership with new buyers of the ailing social networking website.
"Whether it becomes a talent competition or something like that, those are things that we will still flesh out," said Wright, who has managed Timberlake since his *NSYNC days. "We definitely want to bring the industry back to MySpace to really look at the talented people that have put their faces there."
His new partner is Irvine, Calif.-based online ad network operator Specific Media. It said it had bought MySpace from News Corp. The deal was for $35 million, mostly in stock.
Hours later, Specific Media said in a second release that Timberlake had become a part owner and would be a creative force behind a revival attempt with his own office and staff.
