Justin Timberlake: MySpace Stakeholder!

Justin Timberlake has just taken a stake in MySpace after the company was sold to the online advertising network Specific Media for $35 million.

The 30-year-old entertainer will “help the company develop its new strategy and creative direction,” according to THR.

“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,” Justin said in a statement. “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.”

Last year, Justin earned accolades for his role as Napster founder Sean Parker in the film The Social Network, which told the story of Facebook’s beginnings.

WHAT DO YOU THINK of Justin Timberlake working with MySpace?