New CEO May Mean More Trouble For MySpace
First Van Natta let rumors of inflated new investments fly. Then, reports TechCrunch, he told anyone who would listen that deals with the labels were imminent. Neither were true and now Project Playlist is left trying to recover with board member and ex-MTV exec John Sykes forced to jump in to save the service. he's also hoping protect a substantial investment that he made near the beginning of Van Natta's short and messy tenure.