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V festival goes to Europe

The V festival, held in the UK, Canada and the US this year, is to be set up in other countries. Sir Richard Branson has confirmed he is also looking at Italy, Spain and South America. Australia is also being considered.

Branson predicted that tours and festivals will play a much greater part in the coming years. "From a band's point of view, they make more out of playing live than out of music sales" he said

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