Virgin Records is a record label owned by Universal Music Group. It was originally founded as a British independent record label in 1972 by entrepreneurs Richard Branson, Simon Draper, Nik Powell, and musician Tom Newman. It grew to be a worldwide success over time, with the success of platinum performers Paula Abdul, Janet Jackson, Devo, Tangerine Dream, Genesis, Phil Collins, OMD, the Human League, Culture Club, Simple Minds, Lenny Kravitz, the Sex Pistols, and Mike Oldfield among others, meaning that by the time it was sold, it was regarded as a major label, alongside other large international independents such as A&M and Island Records.
Virgin Records was sold to Thorn EMI in 1992. EMI was in turn taken over by Universal Music Group (UMG) in 2012 with UMG creating the Virgin EMI Records division. The Virgin Records name continues to be used by UMG in certain markets such as Germany and Japan.
Virgin Records America
Virgin Records America, Inc. was the company's North American operations founded in 1986. They are no longer active and were headquartered in Hollywood, California, and operated under the Capitol Music Group imprint, now also owned by UMG, since 2012. The US operations had also taken on the name Virgin Records. A minor number of artists remained on Virgin Records America's roster, which was mostly occupied with European artists such as Bastille, Barbara Pravi, Circa Waves, Corinne Bailey Rae, Ella Eyre, Grizfolk, Walking on Cars, Seinabo Sey, and Prides; American artists include Knox Hamilton, L'Tric, Loren Gray, and Rise Against.
Virgin Classics
Virgin Classics was founded in 1988 as part of Virgin Records. Along with EMI Classics, it too was acquired by UMG in 2012 as part of the takeover of the EMI Group. But the terms of the European Commission's approval of the takeover required divestment of the two classical labels. Accordingly, both were sold in February the following year to Warner Music Group, and this transaction was approved by the European Union that May. Warner placed the Virgin Classics artist roster and catalogue in its Erato Records division, and the "Virgin Classics" name, along with "EMI Classics," disappeared.
History
Branson and Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill Gate, London, specializing in krautrock imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. The first real store was above a shoe shop at the Tottenham Court Road end of Oxford Street.
After making the shop into a success, they turned their business into a fully fledged record label. The name Virgin, according to Branson (in his autobiography), arose from Tessa Watts, a colleague of his, when they were brainstorming business ideas. She suggested Virgin – as they were all new to business – like "virgins". The original Virgin logo (known to fans as the "Gemini" or "Twins" logo) was designed by English artist and illustrator Roger Dean: a young naked woman in mirror image with a large long-tailed lizard and the word "Virgin" in Dean's familiar script. A variation on the logo was used for the spin-off Caroline Records label.
The first release on the label was the progressive rock album Tubular Bells by multi-instrumentalist Mike Oldfield, who was discovered by Tom Newman and brought to Simon Draper – who eventually persuaded Richard and Nik to present it as their first release in 1973, produced by Tom Newman, for which the fledgling label garnered unprecedented acclaim. This was soon followed by some notable krautrock releases, including electronic breakthrough album Phaedra by Tangerine Dream (which went Top 20), and The Faust Tapes and Faust IV by Faust. The Faust Tapes album retailed for 49p (the price of a 7" single) and as a result allowed this relatively unknown band a massive audience as the album sold over 60,000 copies and also reached number 12 in the charts, though it was later redacted its spot on the grounds of the cover price. Other early albums include Gong's Flying Teapot (Radio Gnome Invisible, Pt. 1), which Daevid Allen has been quoted as having never been paid for.
The first single release for the label was Kevin Coyne's "Marlene" (b/w "Everybody Says"), taken from his album Marjory Razorblade and released in August 1973. Coyne was the second artist signed to the label after Oldfield.