MySpace upon the rise of Facebook as the leading social networking site with almost 500 million members scattering globally had reached to the point of taking a joint venture with Specific Media as they inked the deal with a blast, an announcement that the popular artist Justin Timberlake is now having an ownership stake in the mentioned company.
To recall, Timberlake had been part of the movie “The Social Network” that depicts the story behind the creation, development, the ups and the downs of the successful Facebook founded by Mark Zuckerberg.
Specific Media as they took the joint venture for the revival of MySpace according to reports is now looking forward of boosting again the features for Myspace who had once dominated the market of United States from the year 2006 to 2008, until its strongest competitor Facebook had rise to fame and had conquered the international market.
MySpace is best known for its MySpace Music Venture and its good to note that the mentioned feature is still intact. According to Timberlake, “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.” That is why he together with his colleagues is eyeing MySpace to be the sole destination for this type of interaction. Part of his foreseen plans for MySpace is to make it a community wherein artist and fans can be together exploring and sharing interest. By doing so, MySpace will then be transformed into a hub as an exclusive site for the original release of various shows, videos as well as music.
More of the plans for MySpace comeback will be aired during the “exclusive press conference” which is expected to take place on summer and Timberlake together with the rest of Specific Media will be releasing their plans and targets.
Specific Media is an online advertising firm who signed a deal of buying the ailing MySpace Social Networking from News Corporation. The cost of the purchased, upon published is not yet confirmed.