Former Owner of Virgin Records

Record Label Virgin Records is originally a British independent record label that is currently owned by multinational music company Universal Music Group.

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One of the biggest selling records have signed many deals with many known music clubs, companies and individuals such as Sex Pistols, The Rolling Stones, Spice Girls and Taylor Swift

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Richard Branson was the former owner of the legendary UK record label Virgin Records.

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In 1992 this record was purchased in for a billion dollars by EMI Records which is owned by the Universal Music Group

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EMI Records (UK) is also a distributor of Virgin Records throughout the world along with Capitol Music Group (US) and Universal Music Distribution.

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Richard used to sell records named Virgin Mail Order in the Student magazine in 1970. Later Virgin Record born as a music store on Oxford Street in London.

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After selling the his record label Richard wept with sadness and went back to London.

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“I, literally, I did have tears streaming down my face," Branson said in an interview after selling his record label.

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He considered the decision as a necessity as he need to think about his 80,000 employees.

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