Justin Timberlake to Start his Own Label

The 24 year-old singer and his manager, Johnny Wright, want to team with Atlantic Records to launch the new label.

The name for the new organization hasn’t been decided yet, but they are already working with their first artist from Memphis, Tennesee.

The new artist is a childhood friend of Timberlake.  Aside from the new label, Timberlake is working on his next disc.  Timberlake’s last album, Justified, was released in 2002.