Myspace owners say they want to relaunch the site

Hope you have an obscure profile song ready that you’ve been sitting on since the 2008 housing crisis. The current owners of Myspace said in a recent documentary that they have plans to relaunch the OG social media platform (again).

Will Myspace return to its DIY coding glory? Chris and Tim Vanderhook, who bought the site alongside Black Snake Moan star Justin Timberlake for $35 million in 2011, didn’t give a specific timeline or any details about what THE new Myspace would look like. The Vanderhooks have already tried revamping the site, releasing a music-focused version in 2013.

If you missed that…well, so did everyone else:

• The pair said they lost about $150 million on the failed redesign.
• As soon as the deal was finalized, they said advertisers left the platform in droves for Facebook.

Emo millennials are still hopeful. Originally founded in 2003, the site is credited with helping to launch the careers of musicians like Adele, Lily Allen, and the Arctic Monkeys. At its heyday in 2006, Myspace was the most-visited website in the US, making up almost 5% of all browser traffic. Co-founders Tom Anderson (you’ve seen his pic) and Chris DeWolfe sold the company to NewsCorp in 2005 for $580 million.—MM