Virgin Records

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Virgin Megastore to Close

Iconic record store to become Forever 21

(Newser) - New York City’s iconic Virgin Megastore will close in April, Billboard reports. The Times Square fixture is the US’s highest volume music store, but the real estate company that acquired Virgin in 2007 is booting it for a higher-rent tenant. An exec told Reuters last year that Virgin... More »

As Digital Gains, Album Sales Plunge 11%

Music biz turmoil as CDs plummet

(Newser) - CDs continue to go the way of the 8-track, losing further ground to digital music. Another big drop in CD sales is being driven by the closure of Virgin stores and reduced shelf space at outlets like Target. CD sales are off 16% over the last 12 months and total... More »

Smashing Pumpkins Sue Virgin Over Pepsi Ads

Pepsi Stuff promotion violated contract, undermines artistic integrity: rockers

(Newser) - The Smashing Pumpkins are suing Virgin Records, claiming the company illegally used the band's name and music in ads for Pepsi and Amazon.com, the Guardian reports. The rockers' contract does not allow using the band in promotional campaigns such as the Pepsi Stuff ads, and members would “never... More »

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