MySpace Set for Japanese Rollout

LOS ANGELES/TOKYO, November 7: Fox Interactive Media’s
MySpace.com is teaming with Softbank Corp. to launch a version of the community
site in Japan.

MySpace KK will be a 50/50 joint venture with the Japanese
Internet giant Softbank. It is the community site’s first expansion into Asia,
following rollouts in the U.K., Australia and Ireland, and local-language beta
sites in France and Germany.

Chris DeWolfe, the CEO of MySpace and Board Member of
MySpace KK, commented, “We’re responding to user demand by creating a community
that is localized in terms of language and culture while connecting members to
the rest of MySpace’s global network.”

The new company will maintain headquarters in Tokyo and have
localized operations and staff for technology, development, sales, and
marketing departments. Makoto Kouyama will be the CEO of MySpace Japan and will
sit on the Board of Directors for the company along with Peter Chernin,
president and COO of News Corporation, DeWolfe, and Masayoshi Son, CEO of
Softbank.