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Justin Timberlake Is MySpace’s New Creative Director

Jason Kempin, Getty Images

After months of rumors, Fox Interactive Media has finally sold MySpace — and one of the troubled social networking site’s new owners looks very familiar.

Turns out that aside from his budding career as a film star — which is soaring as he takes a hiatus from his career as a multiplatinum recording artist — Justin Timberlake is also working with Specific Media, the company that just picked up MySpace for $35 million in cash and equity (a steep drop from the $580 million that Fox paid in 2005).

As part of the deal, Timberlake was named creative director — and part-owner — of MySpace, the first step in a new initiative for the site that the company intends to announce later this summer. For now, he said, “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.”

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