Richard Branson has announced that the V Festival is going to be held in more countries around the world after the success of this year's UK, Canada and USA installments. No, we didn't know about the last two either, but apparently they do exist.

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

Proposed new sites include Italy, Spain and South America. The Canadian version known as the Virgin Festival (snigger) was held in Toronto Islands Park this month, while a one-day US spin-off is taking place at the Pimlico Race Course in Baltimore on September 23. The Who and Red Hot Chilli Peppers will headline.