(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.