The text that accompanied this article that I read on this news today said that MySpace was sold for a mere $35 million. I’m sorry – when did $35 million become an insignificant amount of money? Okay- well when you compare it to the fact that News Corp. bought it for $580 million back in 2005 – it doesn’t look so good. Anyways, MySpace has ended it’s social networking run – as expected – but will focus more on the entertainment aspect. Justin Timberlake, (yes Justin Timberlake) now has partial ownership of the company and hopes that its new pathway will continue to support the music industry.
“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.”
Is it just me…or is Justin Timberlake taking is role as Sean Parker too seriously?