May 29, 2007 / 4:52 PM / 12 years ago

Justin Timberlake forms record label

Singer Justin Timberlake performs during his concert marking the first British leg of his European tour at the Odyssey Arena in Belfast, Northern Ireland, April 24, 2007. Timberlake has joined forces with a rival music company to launch his own label, Tennman Records. REUTERS/Andrew Paton

LOS ANGELES (Reuters) - Justin Timberlake has joined forces with a rival music company to launch his own label, Tennman Records.

The Los Angeles-based label — whose name pays tribute to Timberlake’s home state of Tennessee — will operate as a joint venture with Interscope Records. Timberlake will serve as chairman and CEO, a statement said.

As an artist, Timberlake is signed to Jive Records, a unit of Sony BMG Music Entertainment. Interscope, meanwhile, is a unit of Universal Music Group.

Tennman will announce its first signings in the next few weeks, a statement said. Former Sony BMG talent scout Ken Komisar will serve as president.

Reuters

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