HOLLYWOOD, LOS ANGELES (KABC) -- British media mogul Richard Branson, the founder of Virgin Records, was honored Tuesday with a star on the Hollywood Walk of Fame.
Branson founded Virgin Records out of a small record shop he opened in London in the 1970s.
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He would go on to sign some of rock's top artists, including The Rolling Stones, Janet Jackson and Katy Perry.
Over time, he grew the company into a multinational conglomerate with ventures in aviation, electronics, travel and other fields.
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Branson told several stories to the crowd, including one about being pranked by Phil Collins disguised as a cab driver.
He also said it was his idea for the iconic performance by Elton John at Princess Diana's funeral in which he sang a reworked version of "Candle in the Wind."