I didn’t see this coming. Maybe he got an appetite for social networking from his role in The Social Network.
Justin Timberlake Soon to Be Crying a River as Partial MySpace Owner
He also becomes active in the management as creative director.
News Corp sold MySpace for 1/20 of what they bought it for.
It’s correct that MySpace is still an important place for musicians, even though I see artists moving to Facebook pretty quickly. A wild guess is that MySpace will be re-shaped into a network for specifically artists, and maybe not just musicians.