Call Him Mister JT

JT Puts On a Suit: Justin Timberlake launches own record label, Tennman Records, a joint venture with Interscope. Ken Komisar, former Sony A&R man, will run the day-to-day. Together, they will bring CorporateBack. [Billboard]

Galapagos Moves to Dumbo: Galapagos Art Space to move from longtime Williamsburg home to former horse stables in Dumbo. “We’re doubling our size and halving our rent,� says Galapagos founder Robert Elmes of the move. [NYT]

Lionsgate Arranges Financing: Lionsgate makes deal arranged by Goldman Sachs for $400 million in financing for such small-scale features as Bug and upcoming 3:10 to Yuma, starring Russell Crowe and Christian Bale. Franchise pictures like Saw and Tyler Perry’s films are exempt from the hedge-fund money. Allow the geniuses in Variety’s Alliterative Subhed Department to break it down: “Mini-studio makes mega money movie move.� [Variety]

Cook Makes No. 2: Dane Cook to star in Bachelor No. 2 for Lionsgate as lunk who specializes in awful dates with recently broken-up women, in order to drive them back to their exes. Howard Deutch will direct, and Cook’s repulsively named production company Superfinger will produce. What do you think about that, Goldman Sachs? [HR]

Eckhart As Guru: Aaron Eckart signs up for Traveling, in which he’ll play a widower turned self-help guru forced to come to terms with his loss. Brandon Camp will direct based on script he wrote with Mike Thompson for Universal. [Variety]

Lohan Enters Rehab: Lindsay Lohan enters intensive rehab facility after incident and arrest over Memorial Day weekend. Her participation in indie dark comedy Poor Things is in question; pic may reschedule or recast. [Variety]

New Orleans Gumshoe to Film: Blue Collar Comedy producers Parallel Entertainment acquire rights to Lew Griffin detective series, written by James Sallis. Well-regarded series follows a black detective in New Orleans. What better company to bring this story sensitively to the screen than the artists behind Larry the Cable Guy: Health Inspector? [Variety]

Comedy Central Announces Slate: Cable network Comedy Central announces slew of pilots in development, including Held Up, Jamie Tarses–produced character comedy set during a bank robbery turned hostage crisis; David Allen Grier’s Chocolate News, seemingly intended to be The Daily Show meets Dave Chappelle; and The Watch List, comedy about Arab-American men that jumps from network’s Website. [Variety]

Hammond in Bee: Saturday Night Live cast member Darrell Hammond will join cast of The 25th Annual Putnam County Spelling Bee over summer hiatus, playing the word-defining vice principal. It’s a great opportunity to do a musical without much of that pesky singing or dancing. [Variety]