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Justin Timberlake buys a stake in MySpace

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.