Branson: Love Field Would Benefit From Competition

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May 9 (Bloomberg) –- Bloomberg’s Cory Johnson discusses his interview with Virgin’s Richard Branson. He speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

In general.


I have logged a few miles on verge american.

Richard branson is an interesting guy.

He has spent most of his career in industries we don't think as technology: all.

Virgin america airlines, the experience has been a unique one.

They are pressing against government into disease.

We are expecting a decision about open slots at love field in dallas.

Listen to what he has to say.

I think governments need to realize it's a competition.

Let's take love field and dallas.

90% of the slots are controlled by southwest.

Yet the local government are thinking of giving the final 10% to southwest rather than allowing verge american to compete.

It seems very obvious that the -- the people who live in dallas and traveling to dallas will benefit from competition.


There is much going on with version and virgin galactic.

I want ask about, did he have thoughts on the apple beats acquisition?

He starred in the music industry.

We have apple making the biggest acquisition they've ever made by far for a headphone company that people don't think the headphones are that good.

The career -- he turned it into the records industry and so much more.

He has an understanding of how the industry works.

He talked specifically about the fact apple had on that business.

We were very fortunate to sell out every could company when we did.

Right at the peak of the industry.

Since then, due to apple, the industry has imploded.

Live music still does well.

Merchandising does well.

But, artists make money out of sales of their music.

It is abysmal.

The new move, it may be giving back what they have taken.

It would be great if it could succeed.

The notion that the music industry may have changed but it doesn't change forever.

I love the idea of apple giving back.

They are not doing anyone any favors.

It is interesting that apple has created one of the reasons they had to acquire beats.

They didn't have the deal in place with a shimming the -- with a streaming music engine.

Everybody is saying, it is more than headphones.

Some people don't get, beats only has 200,000 subscribers.

I bet it got more today.

The notion of this announcement has got people thinking about changing the services they are on, looking at rhapsody, spot off i am thinking maybe beats is going to be the winner in this.

Cory johnson, our editor at large.

Be sure to tune in to bloomberg west on monday for the full

This text has been automatically generated. It may not be 100% accurate.


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