Facebook Founding President Sean Parker and Napster co-founder Sean Fanning are partnering up once again to launch a new startup called Airtime.

Details are scarce but according to afascinating interview with Forbes, Airtime is a live video site that will meet the need for real-time sharing and communication by allowing users to post videos and react to them live. Parker hopes this will, and we quote, “eliminate loneliness.”

These aren’t the first reports of a new partnership between the two technology luminaries. In AprilTechCrunch reportedboth were working together on a video focused product calledSupYowith eerily similar features. Although unconfirmed, we believe Airtime is simply what SupYo has been rebranded into – we have however contacted both Parker and Fanning for comment. According to Techcrunch’s report, founder Michael Arrington is also an investor.

We aren’t able to confirm ownership of the domain, butAirtime.comappears to be where we’ll eventually see the site go live. It even has thesame fade in effect as SupYo’s.

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Parker and Fanning worked together in the late nineties on disruptive music startup, Napster.

Story bySherilynn Macale

Sherilynn “Cheri” Macale is based in San Francisco, CA. You’ll probably find her tucked away in her apartment blogging, playing video games,(show all)Sherilynn “Cheri” Macale is based in San Francisco, CA. You’ll probably find her tucked away in her apartment blogging, playing video games, or immersing herself in geek culture. You can follow her onTwitter,Facebook,Google+

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