Justin Timberlake will sign artists and release their music through a new record label he’s heading through a joint venture with Universal Music Group’s Interscope Geffen A&M label group.
“We are all excited about the talent we have to offer already on our roster, and I can’t wait to introduce the world to my new discoveries,” Timberlake said.
Timberlake will serve as chairman and chief executive of the new label, dubbed Tennman Records, which will be based in Los Angeles and distributed globally by Interscope. Financial terms of the deal were not disclosed.
Day-to-day operations will be handled by Ken Komisar, a former vice president at Sony BMG Music Entertainment, who was named president at Tennman.
Timberlake’s first two solo albums — 2002’s “Justified” and last year’s “FutureSex/LoveSounds” — have sold more than 13 million copies combined. He’s currently on the bigscreen as a voice artist in “Shrek the Third.”