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 granted restraining order against woman
Nov 9, 2009 4:21 pm PST
A judge on Monday ordered a woman to stay away from Justin Timberlake for the next three years. Timberlake wrote in court filings that Karen McNeil repeatedly showed up at his house and trespassed on his property last month. McNeil, wh...
Label hunts hackers who stole Lewis/Timberlake song
Aug 19, 2009 6:23 am PDT
Record label SyCo and music trade body IFPI have called in the police to help them hunt down computer hackers who leaked a track by Leona Lewis and Justin Timberlake on the Internet. The song, "Don't Let Me Down," is being considere...
Justin Timberlake: Stinkin' Up America, Too!
Jul 10, 2009 9:48 am PDT
Is there anything Justin Timberlake can't—or won't—do? Seriously, every day we hear about something else the "SexyBack" crooner has attached himself to. His latest deal? Let's just say it really stinks...
Justin needles his record boss about 'SexyBack'
Jun 18, 2009 2:00 pm PDT
Jamie Foxx is the comedian, but he provided the music and Justin Timberlake got all the laughs at a charity event to honor their record label boss. Timberlake, Foxx and others paid tribute to RCA/Jive Label Group President Barry Weiss on ...
Justin Timberlake restaurant in sexual discrimination suit
May 18, 2009 11:00 am PDT
An ex-manager at Justin Timberlake’s BBQ restaurant in New York has filed a suit against the company, saying she was sexually harassed while at work. Alison McDaniel says she was forced to watch porn in a locked office at Southern Hospita...