Justin Timberlake buys share of social networking site Myspace

Pop singer Justin Timberlake has bought a share of social networking site Myspace, and he believes that music has an exciting future on the Internet.

Along with the advertising agency, Specific Media, Timberlake, 30, wants to revitalise the Myspace brand and is looking forward to the challenge.

"It's an exciting place for the future of music, although it seemed like such a taboo thing the Internet and music - I don't think it's taboo at all," Sky News quoted him as saying.

"You make music because you want a lot of people to hear it and the fact that that could happen at a quicker pace is very, very exciting," he added.