To further invigorate V2, Branson plans to throw 45 million pounds ($68,504,335 U.S) of his own into the company to develop new artists.
Blessed with a free spirit and an extraordinary set of choppers, Branson has now relinquished 34.5% of the company—counting 9.5% which was sold in 1998 when the original bonds were issued.
Investors will now decide on a third of the tracks for each V2 album, they'll get to travel about a third of the way around the world in Branson's balloon, and they'll get to park their Winnebagos on about a third of Branson's private island of Necker. It'll be interesting to see how Branson responds to having Morgan Stanley and Goldman Sachs about a third of the way up his bum.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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