Justin Timberlake is part of an investment group that has purchased MySpace for $35million. It's not known how much of a stake that Timberlake has in the social network but, the new myspace aims to focus on music.
"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,” Timberlake said 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."
Timberlake will have an executive title at MySpace, to be revealed later this summer
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