Friday, November 25, 2005

BRANSON PULLS OUT OF US MUSIC INDUSTRY AGAIN

We've never quite understood why Richard Branson's reputation is quite as strong as it is - a close inspection of his record shows an awful lot of businesses launched with a major fanfare that don't really go anywhere at all. Many of his successful ventures tend to actually cease to be anything to do with him - so Virgin Records aren't actually part of his group anymore, and now the label he does run, V2, has pulled out of the US. It's being pitched as some sort of glorious reorganisation, but the effective outcome is Sheridan Square Entertainment has taken over the whole shop.


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