Richard Branson Plans To Make V Festival Global

Richard Branson has revealed that he’s hoping to take the V Festival to more countries around the globe.

The festival has been held in the UK for a number of years and debuted in the US and Canada in 2006.

Now, the multi-millionaire hopes to make it a totally multi-national event.

He 56-year-old told Reuters: "We are also looking at Italy, Spain and South America. We will roll it out.

"The great thing about doing it in more than one country is we can coordinate it and get the bands moving between countries.

"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."

He added that Australia is also being considered for the music extravaganza.