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Sean Parker books 'Airtime' to talk about his latest startup

Get ready for the hype: The Sean-Shawn duo behind Napster -- Parker and Fanning -- will unveil details of a new startup in early June.

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Paul Sloan is editor in chief of CNET News. Before joining CNET, he had been a San Francisco-based correspondent for Fortune magazine, an editor at large for Business 2.0 magazine, and a senior producer for CNN. When his fingers aren't on a keyboard, they're usually on a guitar. Email him here.
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Parker and Fanning are working on a new startup, called Airtime. Daniel Terdiman/CNET

The boys who brought Napster to the world -- Sean Parker and Shawn Fanning -- are getting ready to reveal details of their next, still stealthy startup.

It's called Airtime, although a year ago the project apparently was going by the name Supyo, and it has to do with live video. And, naturally, social media -- a familiar world for Parker, who was Facebook's founding president and is currently a backer and board member of Spotify.

Few details exist yet, but last year TechCrunch reported that the startup is a Web-based video chat service that aims to connect like-minded people. Of course, that was a year ago, and things change.

Details will come out on June 5th. Airtime today sent out this invite, as reported by TechCrunch:

In March, Parker and Fanning appeared on stage at South by Southwest in Austin, Texas, but the two didn't talk about Airtime.

Airtime is backed by some Silicon Valley biggies and celeb investors, including Peter Thiel's Founders Fund, Accel Partners, Andreessen Horowitz, Google Ventures, SV Angel, Yuri Milner, Ashton Kutcher, will.i.am, Scott Braun, and Michael Arrington.