“Whether it becomes a talent competition or something like that, those are things that we will still flesh out,” said Timberlake’s manager Johnny Wright in an interview with The Hollywood Reporter.
“We definitely want to bring the industry back to MySpace to really look at the talented people that have put their faces there,” Wright added.
Timberlake and the new management have said they plan to steer the site’s focus in the direction of music and entertainment. MySpace may have been bleeding traffic in the last two years, but it’s still a very popular site for bands and musicians, and Specific Media obviously plans to capitalize on this.
MySpace’s new management plans to lay out its plans for the site in detail at a press conference on August 17. This might very well be the last chance to revitalize the site, which is currently a far cry from the multi-billion dollar social networking empire it was during the pre-Facebook era.