V2 Restructures and Lets Go

In order to focus on catalog releases and the pursuit of future digital distribution opportunities, Sheridan Square has let go of its V2 staff.

This move also sees The White Stripes, Moby and The Raconteurs dropped by the label. Their catalogs, however, will be retained. The only genre the label plans to participate in going forward is gospel.http://www.billboard.com/bbcom/news/article_display.jsp?vnu_content_id=1003532370