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MySpace Gets It’s Sexy Back, Justin Timberlake Reveals New Platform [Video]

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Justin Timberlake - MyspaceJustin Timblerlake was hired to help bring the sexy back to Myspace and based on the platforms newly revealed design his team and the already established team at MySpace have met that goal.

The new MySpace which was designed with all new coding has gotten back to its roots as a platform for artists. This time around the company uses new social media connections to help artists grow out their music base.

Timberlake joined Facebook last year with partners Chris and Tim Vanderhook who purchased the once $500+ million site for just $35 million. [Read more…]

Justin Timberlake To Staff Office For Myspace Revival Attempt

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Justin TimberlakeSinger and Actor Justin Timberlake plans to open an office and staff it with six people who he hopes will help him revive Myspace from the throws of oblivon.

In June Specific Media purchased an ownership stake  in the company led by brothers Chris, Tim and Russell Vanderhook and now we have learned that Timberlake is expected to play a big role in the sites revival.

Company CEO Tim Vanderhook made the announced that Timberlake would hold an office at the company and TechCrunch has reported that  “Timberlake will play a ‘major role’ in strategy and creative direction for the beleaguered social network. The release makes no mention of exactly how much of a stake the pop star will have.” [Read more…]

Social Networks: Dominating Our Time Online

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Even though email and IM are still the two important communication channels, social media channels are rapidly increasing for our communication and we are dedicating more and more of our time online to social media.

Infographiclabs have collected and visualised the most recent data on Social Media usage in infographic below, enjoy!

[Read more…]

Myspace employees down to 200, will Justin Timberlake turn things around?

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Myspace. Does it really have a heart after firing more employees?

From 1,400 employees two years ago, the number of employees at Myspace now number just around 200.  This development follows after News Corp. sold the social networking site to Specific Media and after Justin Timberlake, who portrayed Sean Parker in the movie “Social Network”, joined the company.

Myspace, was sold for $580 million to Rupert Murdoch.  The plan back then, according to Business Insider was to “merge MySpace into Yahoo and save Yahoo from Microsoft’s clutches…as long as Yahoo agreed to value MySpace at something like $10 billion.”  Myspace was recently sold for just $30 million.

Tim Vanderhook, Specific Media CEO, is practically singing the same song.  According to an article in CNET plans to use Myspace to build a “digital media company on par with Yahoo, AOL, Facebook, and all the other big names out there.”

[Read more…]

MySpace Gobbled Up By Specific Media For Very Little Cash

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Myspace SaleIn 2005 many analysts saw News Corps’ $580 million buyout of social network MySpace as a huge success when the company more than doubled their monthly traffic numberx from 20 million to 70 million users during the first year of acquisition and now just six years later the company has announced the sale of the one-time media darling for $35 million.

The social network was picked up on Wednesday by Specific Media with Specific CEO Tim Vanderhook noting:

“Myspace is a recognized leader that has pioneered the social media space. The company has transformed the ways in which audiences discover, consume and engage with content online.”

After being purchased by News Corp. the site underwent a major site redesign as they continued to bleed up to 1 million users per month from the company’s highest levels witnessed in December 2008. While new features were added to the network and more emphasis was placed on artists and musicians the company failed to gain the mass appeal they once held.

For their part Specific Media, a digital media company has promised to continue in Myspace’s current direction.

Vanderhook continued: [Read more…]