Universal To Acquire V2
Universal Music Group is set to acquire the V2 Music Group from Morgan Stanley. Terms of the deal, which is subject to regulatory approval, have not been disclosed. V2 was founded by Richard Branson in 1996, but Morgan Stanley, which provided financing for the company, ultimately wound up owning a 95% stake in the label. V2’s roster includes Stereophonics, Paul Weller, Anais, Isabelle Boulay and Henri Salvador. In addition, V2...
Tony Wilson, Founder Of Factory Records, Dies At 57
Tony Wilson, founder of the influential Factory Records, passed away on Friday at the age of 57 of kidney cancer. Wilson was instrumental in promoting the Manchester music scene in the ’80s & ’90s, and helped launch the carriers of Joy Division, New Order and the Happy Mondays. Wilson’s influence on the city, and on British music, is documented in the 2002 movie “24 Hour Party People,” which charts...
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