Tullahoma-based Ascend Federal Credit Union has won the race to place its name atop the West Riverfront Park amphitheater, which will be able to hold 6,800 people and open July 30 with a concert headlined by country star Eric Church.
The deal, financial terms for which were not disclosed during an announcement event today, is for 10 years.
Ascend has $1.7 billion in assets, $943 million in loans and about 150,000 members, according to data from the National Credit Union Administration. It posted net income of $19.1 million in 2014, up from $17.1 million the year before. Nine of the organization's 18 locations are in the Nashville MSA, with its main Nashville office having opened on Charlotte Avenue in Midtown last year.
“With this amphitheater, Ascend commits to being the credit union of choice for residents of Nashville and Middle Tennessee,” said Caren Gabriel, president and CEO of Ascend. “And, because our growth objectives are similar to those of this city, we believe the Ascend Amphitheater will be pivotal in securing Nashville’s claim as the entertainment capital of the South.”
Ascend Amphitheater will this summer also host Steely Dan, Phish and ZZ Top, among others. Patrick Rodgers and Adam Gold have a lot more info on the musical side of things here.
Nashville-based Music Pub Works announced today it has named Jill Napier vice president and general manager.
MPW, which launched last November and is a subsidiary of Zavitson Music Group, is a cloud-based web application that provides a streamlined approach to digital management of cataloging, registering, pitching and revenue collection for songs.
Napier (pictured) will help oversee daily operations at MPW and will be actively engaged in client relations, administrative services and long-term business development and strategic direction.
Prior to joining MPW, Napier was the director of copyright management at Music Services Inc., at which she specialized in YouTube monetization. In this role, she assisted clients that included Reach Records, LifeWay, NooN Records, Razor and Tie and Curb Records.
Napier also served as the executive vice president at Big Loud Bucks, representing catalog assets and a songwriters roster that included Craig Wiseman, Chris Tompkins, and Jason Aldean. In addition, she worked as VP of business affairs at Ten Ten Music Group, working closely with Keith Urban, Robert Ellis Orrall and Harley Allen.
"Music Pub Works was developed by musicians and publishers for musicians and publishers," said Denise Zavitson, MPW founder and creator "So when we were looking for a professional who could take our product and services to the next level, we wanted to connect with someone who knew the music business from the inside out. That person is Jill Napier and we are thrilled she has joined our team."
A frequent speaker on copyright issues at universities, music associations and legal organizations, Napier is the founder and former president of the Nashville chapter of the Association of Independent Music Publishers. In addition, she is the current vice chair of the Copyright Society of the South, and a member of Hats Across the Row benefitting the Minnie Pearl Cancer Foundation.
Two new music entertainment groups are setting up shop in Nashville. WildFire7, under the umbrella of Wildfire Media Group, and 7th Wave Entertainment Group are both bound for Music Row.
WildFire7 is a full-service management, production and entertainment company. Danny McGuffey, former chief marketing officer at Integrity Music, is teaming up with past advertising production executives Joe Sicurella and Adam Joseph to launch the venture. The company is also opening an office in New York City.
“We are truly excited to birth a new model in faith based entertainment management, licensing and production in the heart of the world’s entertainment capitals; New York City and Nashville, Tennessee,” McGuffey said in a release.
The mastermind behind 7th Wave Entertainment is Brad Kash, former vice president for Big Machine Label Group. The company will provide business management, royalty processing and other services for artists, producers, publishers and more. It will also advise and support independent record labels.
“Serving as a member of the Big Machine executive team reporting to Scott Borchetta and COO Andrew Kautz was an incredible education and experience and I look forward to delivering the same high level of passion, creativity and success to our clients,” Kash said in a release.
John and Kate Richardson have started marketing a SoBro office suites project, InDo Nashville, catering to the entertainment sector. Their former industrial building, located on Fogg Street just south of City Winery, now houses 11,000 square feet of songwriting, working and meeting space. Says Kate Richardson, who is moving her PR firm to the building: "There is a tremendous need for inspiring co-working space. InDo Nashville will be a brilliant alternative to meetings at coffee shops."
California-based Concord Music Group on Wednesday said it has acquired local label Sugar Hill Records from Welk Music Group (along with Vanguard Records in L.A.) and will combine that Franklin-based venture with its Rounder Music Group operation, which is based in The Gulch. Music Row has the details — including what's happening with Sugar Hill General Manager Cliff O'Sullivan — as well as some perspective.
The acquisition of Vanguard and Sugar Hill closely follows the recent merger of Concord Music Group and The Bicycle Music Company, a leading independent music publisher, record label and rights manager, into Concord Bicycle Music. In connection with the merger, Concord Bicycle Music raised $100 million in added capital to fund additional growth through music rights acquisitions and artist development investments.
SEE ALSO: Sugar Hill's artist roster, which includes Sarah Jarosz, Lee Ann Womack and Marty Stuart
Officials with the Nashville-based nonprofit overseeing the planned National Museum of African American Music have announced fundraising initiative Baron Society has surpassed the $1 million milestone.
In 10 months, the organization reached $1.5 million pledged from more than 60 individuals and multi-person entities, according to a release. The initial goal was to attract 40 members pledging $25,000 each over a five-year period.
If it materializes on the site currently home to the 1980s-era Nashville Convention Center, the project is expected to carry a roughly $40 million price tag. A 2017 opening is being targeted. To date, NMAAM has commitments of about $25.5 million and approximately $11 million left to raise.
The current iteration of the nonprofit has evolved since the mid-2000s, at which time a Jefferson Street location was eyed for the museum building.
“As we build development efforts for NMAAM, we receive questions, locally, about support from the African American community,” H. Beecher Hicks, III, (pictured) NMAAM president and CEO, said in the release. “The Baron Society was designed to demonstrate that support and financial commitment to this project. We have been extremely pleased with the responses and expect several more commitments in the next few weeks.”
Because of the response, additional pledges are being finalized, according to LoLita Toney, NMAAM director of development.
“The response received from our effort has been overwhelmingly positive,” Toney, director of development for NMAAM. “Through strategic conversations and by being open to developing long-term relationships, we have gained support from middle Tennessee families and individuals who are committed to investing in this worthwhile project.”
The museum’s creation is dependent upon Spectrum | Emery $400 million redevelopment of downtown Nashville’s former convention center. The team includes, among others, San Diego-based OliverMcMillan.
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