Pop star/actor Justin Timberlake is one of three investors who bought MySpace from Rupert Murdoch’s News Corp. Along with Chris and Tim Vanderhook of Specific Media, he’s hoping to revive the social network site with an emphasis on its benefits for musicians and music fanatics. “In essence, MySpace is going from being a Facebook also-ran to being a more comprehensive Spotify alternative,” writes Forbes’ Jeff Bercovici.
Chris Vanderhook asserts that “MySpace is the only site in the world where you can get everything an artist does if you’re interested in that artist. To do all those things would probably take you 30 different properties.”
MySpace has been undergoing a year-long rebuild. Let’s hope when the new format debuts soon, it won’t take nine days to load its pages. (Funny side note: I couldn't get Timberlake's website to load in my first attempt while putting together this post; the second attempt took very long.)