Branson: Virgin Records has been 'mismanaged'
Sir Richard Branson has accused EMI of "mismanaging" Virgin Records over the past decade - as he reaffirms his desire to once again take control of the label.
Branson sold Virgin Records to Thorn EMI in 1992 for a reported US$1 billion (£560 million).
In the UK, the business was eventually folded into EMI around a decade ago - after a post-acquisition period where it operated successfully as a separate entity. In 2007 it was merged with Capitol in the ...
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