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(taken directly from this article)
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.