Justin Timberlake is reportedly attempting to acquire Elvis's old recording studio and label. The pop star (or should that be actor now?) is heading a consortium of investors to buy the Sun label, as well as soul label Stax and accompanying recording complex in Timberlake's home town of Memphis.
The twenty four year old star has already set up his own record label, JayTee, and is apparently keen to establish himself as an industry player. An 'insider', according to femalefirst, says "He is determined to transform himself from performer into businessman and has his heart set on the plans. He's got a team of very wealthy investors on board to ensure his dream has every chance of becoming reality."
Meanwhile, Ray Fleming of the Memphis Music Foundation said: "We love Justin. He's a native. It's very exciting to have someone of his significance participate in the music scene here."
Well, it's a good thing Mr Fleming of the Memphis Music Foundation likes him, because not everyone has nice things to say about him at the moment. Film critics have been queuing up to diss Timberlake's performance in new movie 'Edison'. The feature has been called a "a star-studded dud of a B-picture" by The Hollywood Reporter, who described Timberlake's acting as "green but earnest", whilst Variety compared him to "a reporter from Seventeen magazine". So we should probably keep referring to him as 'pop star' for the time being.
That said, all that hasn't stopped him being asked to play Johnny Rotten in a new biopic. It's clearly early stages, though, as John Lydon can't actually remember Timberlake's first name yet. He says: "I've asked Jason Timberlake to do it. He hasn't said yes but I think it would work because he's a damn fine singer but he's beginning to look bored."
And that's probably enough Timberlake news for the moment.