Richard Branson Says Apple And The Internet Killed Record Stores
Posted by Joseph Lee on 09.20.2013
Thanks a lot, Internet...
In an interview with French radio station Europe 1 (via NME), Virgin Group mogul Richard Branson said that Apple and the Internet have "killed" record stores. Branson owned the Virgin Megastores chain before it was sold in the UK in 2007 to the Zavvi consortium. Branson said that technology makes the closing of music stores inevitable.
He said: "Generally speaking Apple is magnificent, but Apple has killed the music stores, as has the internet.. No, you just have to accept that technology moves on. We had the Virgin stores for 30 years, but nothing is forever, sadly."
Apple launched iTunes Radio just this week, which is only available in the US. Branson became successful by launching Virgin Records, which turns 40 this year. Branson sold the label to EMI in 1992, which was then bought by Universal last year.