crow_watcher
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And to add - Not only VS is in competition with themselves every year, they want to keep the TV executives happy as well. VS will not go back to their old format - the format that was considered "too sexy", and almost banned from "free TV". The new entertainment atmosphere VS has created around their fashion shows reaches out to a larger audience. And that means it will generate MORE money for all parties involved. VSFS is more than a fashion show. Its a all-in-one entertainment industry including celebs, mini concerts, etc... all can enjoy something from it. VS doesn't cater to the fashion purest anymore.