Two of the highest-profile electronic music DJs have pulled together a two-day festival that will hit Nashville's riverfront in late October. Tickets go on sale here on Tuesday.
The site for the festival is one of unparalleled awesomeness, taking place on the waterfront of downtown Nashville. Artists will perform in front of the scenic river and skyline, and several private events will ensue post-festival, both at an undisclosed terrestrial location and on a river boat.
Local audiovisual technology company DWP recently built what it says was the largest ever concave screen in the United Nations General Assembly Hall in New York. The backdrop was for singer Beyonce and part of the UN's World Humanitarian Day performances. Check out more on the DWP team's setup in this video.
Doyle Davis and the Grimey's team are growing on Eighth Avenue South, where they plan to open an annex just a few steps from their iconic store.
The new spot is two stories and roughly 6,000 square feet, with "almost a full acre" back lot for more parking and potentially even bigger music events. Davis also indicated that a handful of local vendors are interested in participating in regular food-truck food courts back there
The Recording Academy is for the first time taking its Grammy nominations concert beyond Los Angeles and will land on Lower Broad in early December. The TV special — with two official exclamation marks — will air live on CBS and looks set to give Music City's national branding another shot in the arm.
Last year's airing of the nominations special helped lead to increased ratings for the 54th Annual GRAMMY Awards which attracted 39.9 million viewers, the largest GRAMMY audience since 1984 and the second largest in history. The telecast was also the biggest social event in the history of television, drawing 13 million social media comments with the conversation on Twitter reaching a record high at 160,341 tweets per minute during the live telecast.
Nancy Cardwell has been named executive director of the International Bluegrass Music Association, which received almost 70 applications for the position. The group had tapped Cardwell to be interim executive director back in March.
“Nancy is deeply connected to the bluegrass music community,” Zdonik noted, “and her experience in the IBMA office makes her uniquely prepared to take on the added duties of Executive Director. She is forward-thinking and has the right outlook to take us into the future. Her respect for the roots of the music, combined with her appreciation of the next generation, will guide the organization through the challenging times ahead.”
Brite Revolution announced Wednesday the integration and launch of e-commerce to its existing music discovery and curation website.
Since 2008, Nashville-based Brite has offered free music to subscribers, along with music editorial and exclusive video content. With the addition of e-commerce features, Brite now stands as a “multi-tiered marketing tool for independent artists around the world to acquire and build a meaningful fan base and generate revenue,” Brite officials said in a release.
At no cost, a musician can create a Brite Artist OneSheet — an "at-a-glance" overview of that artist, consisting of photos, videos, social network information and a brief bio, along with an embeddable, commerce-enabled music player that allows fans to stream, download and purchase music. Once created, the artists provide two free songs and can set their own price for everything else. There are no monthly fees or subscription fees for artists using Brite.
With Brite covering credit card transaction fees, artists who sell music on Brite keep a 85 percent of their revenue. Brite’s editorial features, free music samplers and custom video and social content all draw upon Artist OneSheets.
“With iTunes alone holding more than 28 million songs, our current digital music marketplace is saturated with music content,” Winn Elliott, CEO and founder of Brite Revolution, said in a release. “We quickly realized that there is a clear connection between our successful discovery and curation site and putting money directly in the artists’ pocket.”
BandPage and SoundExchange are teaming in an effort to see that approximately $2 million in unclaimed digital performance royalties are paid to artists.
Eric Parker and MusicRow.com have the story here.
Performing-rights organization SESAC plans to sell $300 million of debt to institutional investors. Dow Jones Newswires says the bonds will be funded by SESAC's slice of the payments that outlets make to artists and music companies and will help the company pay a dividend to its investment-bank and hedge-fund owners as well as fund refinance existing debt. And oh by the way, company execs are still thinking about a merger.
Goldman Sachs has been advising Sesac on a possible merger since early this year, according to a person familiar with the thinking of company officials, and Sesac hasn't ruled one out.
Investors who've been pitched the deal say underwriters are trying to sell the five-year bonds to yield around 5.25%. Comparable Treasurys currently are yielding 0.7%.
SEE ALSO: PE firms have SESAC on the block
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