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Justin Timberlake Launches Record Label

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May 31, 2007 10:10 am US/Eastern

Justin Timberlake Launches Record Label

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LOS ANGELES (CBS) ―

Click to enlarge 1 of 1: Justin Timberlake will serve as chairman and chief executive of the new label, dubbed Tennman Records. (File)
Hector Mata/AFP/Getty Images

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Justin Timberlake, music star and movie star, is aiming to add another glittering line to his resume — star maker.

The pop singer will sign artists and release their music through a new record label he's heading that's 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 cannot wait to introduce the world to my new discoveries," Timberlake said in a statement issued Monday.

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 big screen, at least his voice is, in the mega-hit "Shrek the Third." Timberlake has been linked in the tabloids to actress Jessica Biel lately.