Branson Recalls Tears, $1 Billion Check in Virgin Records Sale - Presented by: The Aol. On Network

They were the sounds that defined a generation, from punk to Phil Collins to the Spice Girls....and they were all on Virgin Records. Sir Richard Branson founded the label in 1972 -- the first album was Mike Oldfield's haunting Tubular Bells. Branson grew the company into a powerhouse of the music industry, helping to usher in the progressive rock movement of the 1970s and new wave in the 1980s. But he sold the business to EMI for a billion dollars in 1992, partly to finance his airline.



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