Virgin boss Sir Richard Branson plans to turn his annual V Festival into a global event, by staging festivals in America, Italy, Spain, South Africa, South America and Australia. Following the success of the summer event held over a weekend at two sites in northern and southern England, Branson has already taken the concept to Canada - and now wants to conquer the world. He says, "Tours will play a much greater part in the coming years. From a band's point of view, they make more out of playing live than out of music sales. "The great thing about doing it in more than one country is we can coordinate it and get the bands moving between countries." The first spin-off was held in Toronto, Canada this month (SEP06). The Who and the Red Hot Chili Peppers will headline a one-day US event in Baltimore, Maryland on 23 September (06).