This Weekend Big News Story is a monster of a news story

as it came as a shock but not a surprize that V2 Records in a major restructure plan deciede to shut down puting out new released and turning into a catilog lable instade of a New released label expect for Gospel.

About 35 people, including President Andy Gershon have been let go as part of the restructure and there entier U.S. roster which inclued used to be base detroit band(now live in Nashville)White Stripes, Brendan Benson, The Raconteurs, and Blance have been let go makeing thouse act and other Free Anget.

The lable also include the Crystal Method, Moby, the Blood Brothers, Gang of Four, Ray Davies, Paul Weller, Grandaddy, Isobel Campbell, Mercury Rev, Madness, Stina Nordenstam, the Mooney Suzuki,Margot and the Nuclear So and So's, Underworld, Blood Meridian, Ane Brun, and Alkaline Trio

This only involde band on the U.S lable, not the UK roster and there import like Wichita( Bloc Party,The Cribs),Luaka Bop,City Slang and Modular.

So this mean the entire roster are a free aneget and First the White stripes who i report last week on this blog sight there in the prosecc of making a brand new album they are free anget, but a band spokepreson told Pitchfork Media, the Stripes' contract with V2 had already expired(the Last beging 2005 "Get Behind Me Satan")and there looking for a new labe to include the band and a distributor for their own imprint, Third Man Records for any new albums, which include Brendan Benson and the band both Brendan and front man do together The Raconteurs.

The Worst part about this that V2 records own the right to the entire back catitlog not only the White stripes,Brendan Benson,The Raconteurs and ever other band that was on the V2 Lable.

now the other detroit base band on the lable the Blance it is sing to V2 records which released If We Can't Trust The Doctors back in 2004 and just released a EP "What This Town Needs" last year, well i talk to a member of the band and he told me that the band have a contract with V2 and will released there new record "Little Amber Bottles" first in the UK where they have a Diffence lable in the UK Loose Music and see when the album released here in the US maybe V2, maybe some other lable.

V2 Records was started in 1996 by Richard Branson, four years after he sold Virgin Records to EMI, he sold the North America lable last year to Sheridan Square Entertainment(base out of new york) for $15 million.