Editing V2 Records (section)

=== V2 North America ===
In 2006 Branson sold '''V2 North America''' to '''Sheridan Square Entertainment LLC''' (SSE)<ref>{{cite web |date=23 November 2005 |title=V2 North America and Sheridan Square Entertainment Form New Company |url=http://www.prnewswire.com/news-releases/v2-north-america-and-sheridan-square-entertainment-form-new-company-55714312.html |url-status=live |archive-url=https://web.archive.org/web/20121013190701/http://www.prnewswire.com/news-releases/v2-north-america-and-sheridan-square-entertainment-form-new-company-55714312.html |archive-date=13 October 2012 |access-date=5 April 2011 |publisher=PR Newswire}}</ref> for $15 million. SSE then merged its label '''[[Artemis Records]]''' into V2 North America. The new label was effectively divested from the [[Virgin Group]]. Sheridan Square was later acquired by IndieBlu, which itself was acquired by [[Entertainment One]].<ref name="billboard-1">{{cite magazine |author=Chris Walsh |date=29 April 2010 |title=E1 Acquires IndieBlu |url=http://www.billboard.biz/bbbiz/content_display/industry/news/e3i5a1636af3715b03b2c9b7accdbc8ad69 |url-status=live |archive-url=https://web.archive.org/web/20120929212204/http://www.billboard.biz/bbbiz/content_display/industry/news/e3i5a1636af3715b03b2c9b7accdbc8ad69 |archive-date=29 September 2012 |access-date=16 November 2012 |magazine=Billboard}}</ref>

On 12 January 2007, V2 North America announced that it was undergoing restructuring to focus on its back catalogue and digital distribution.<ref>{{cite magazine |date=12 January 2007 |title=V2 Restructured, White Stripes, Moby Become Free Agents |url=http://www.billboard.com/articles/news/1063253/v2-restructured-white-stripes-moby-become-free-agents |url-status=live |archive-url=https://web.archive.org/web/20160118172327/http://www.billboard.com/articles/news/1063253/v2-restructured-white-stripes-moby-become-free-agents |archive-date=18 January 2016 |access-date=5 April 2011 |magazine=billboard}}</ref> As a result, their employees were let go and their roster of artists left as free agents.