Sony/ATV Nashville has promoted Josh Van Valkenburg to senior vice president, Nashville A&R, MusicRow.com reports.
Van Valkenburg will oversee Nashville A&R and new songwriter and artist signings. He will continue to develop the existing Sony/ATV roste and will report to Sony/ATV Nashville President and CEO Troy Tomlinson, according to the music publication.
Read more here.
Executives at ABC have renewed their commitment to Nashville, giving the show a fourth season and putting it within sight of all-important syndication. The Hollywood Reporter has a rundown of all the show decisions made for ABC here.
Ryman Hospitality Properties Chairman and CEO Colin Reed hasn't been shy of late in trumpeting the great numbers put up by his company's Nashville entertainment properties, led by the Ryman Auditorium and Wildhorse Saloon. In the first quarter of this year, that division posted operating profits of $2.1 million on revenues of $16.7 million. Those numbers were up 284 percent and 17 percent, respectively, year over year.
Reed also has in recent quarters repeatedly hinted at grander plans for the division, which has been lifted big time by the overall Nashville tourism boom. But they've been teasings more than anything else and Reed delivered another one on his team's earnings conference call Wednesday morning. Asked how he would value the entertainment business relative to Ryman's core hospitality operation, Reed said he would politely say no to any bidders looking to put an arena business valuation on his entertainment crown jewel. Then came the latest tease.
"We think that this business provides and builds unique content and we're spending more of our time thinking about how we can actually build more content," Reed said.
TopGolf International Inc. is set to sign a lease to take space in a building slated for the East Bank of the Cumberland River and near the fast-changing Germantown, Nashville Business Journal reports.
Relatedly, the Metro Council will vote tonight on a request zoning change that would a facility to accommodate a Topgolf facility. Currently, the site is zone industrial.
Founded in the United Kingdom, TopGolf is now based in Dallas.
Read more here.
The state budget passed last week included $8 million in incentives for a potential fourth season of local filming of the ABC show Nashville. A decision on whether the show will return should be made soon. Metro and the Nashville Convention and Visitors Corp. are preparing their own slices of the incentives pie, but the details are still to be revealed. Nate Rau at The Tennessean has more info here.
In discussions with government officials, representatives from the show prepared a fact sheet touting its impact on the local economy. Local tourism leaders have tied the city's booming leisure travel at least in part to the popularity of "Nashville." However, no official economic impact study has been conducted.
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.
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."
Local marketing and artist services group Thirty Tigers is branching into country radio promotion with the hiring of four people to capitalize on some recent successes with Chase Rice and Old Dominion. Sarah Skates has details on that plan and more at MusicRow.com.
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