According to Stacie Orrico Online, Virgin Records is up for sell. Here are some of the details:
Virgin is selling the company. With that being said, every artist is being affected. This could take up to 2 months to a year. What does this mean? All of the funds/money is being frozen for everyone unless they pay for it out of their own pockets.
So as a result of this, Janet Jackson is looking for a new label. This definitely is an explanation of why there hardly has been any US promo for acts like Stacie Orrico and RBD, they have no money and any funds for promo/touring has to come out of artsts' pockets.
As a Stacie Orrico fan, I hope her music career will be okay, since she is definitely not recieving much promotion and with Virgin selling...we don't know what's going to happen. I am completely shocked by this.
