my record label has been sold to a bank
As crazy as it might seem, Gang of Four’s record label has been sold to Morgan Stanley, the US investment bank. The Independent reports that “Virgin has sold out of the music label V2 as it plans for a future that could result in the launch of a Virgin-branded music television station. Virgin launched V2 in 1996 in a move heralded as Sir Richard Branson’s return to the music industry after his sale of Virgin Records in 1992. The sale of the new label follows Virgin Group’s deal with the cable television operator NTL which will soon offer customers a one-stop shop for cable television, fixed and mobile telecoms services and broadband internet under the Virgin brand.” Well, a phone call would have been nice, as usual in the record business the artist is the last to know….