That’s right ladies and gentleman, you want to go see a show at the Wal-Mart Ryman, or maybe at the Grand Ole International House of Pancakes? Well that’s exactly what country fans could be facing in the future now that Ryman Hospitality (previously Gaylord Entertainment) has partnered with Creative Artists Agency to attempt to sell their naming rights.
The two top shareholders in Gaylord are unhappy with the Marriott deal, with the first one having to be bought out, and the second one Gabelli Funds LLC with a 15% percent stake in Gaylord, specifically asking Gaylord to spin off its Grand Ole Opry assets for the exact reasons Saving Country Music has asserted it should.
As first theorized here in late April, Gaylord Entertainment, the parent company of the iconic Grand Ole Opry and radio station WSM, has been sold to Marriott International for $210 million. According to a press release by Gaylord about the sale, the company will retain its Grand Ole Opry holdings for now, however will be reorganizing into an REIT, or Real Estate Investment Trust.
As first theorized by Saving Country Music on April 30th, The Grand Ole Opry and its parent company Gaylord Entertainment could soon be up for sale according to Bloomberg. What escalated the potential sale of The Opry from a theory to a very real possibility was a procedural vote earlier this week by Gaylord shareholders to let what’s called a “poison pill” in the company’s bylaws expire.
ABC has announced that a new TV drama called Nashville has been picked up for their Fall season. The show intimately involves Nashville’s mainstream music scene. Gaylord Entertainment, the owner of The Grand Ole Opry, is a producer and financier of Nashville. Anyone concerned about what impact this series may have on country music and the city of Nashville should focus in on this relationship first.
The problem with The Grand Ole Opry is that it is owned by a public company, Gaylord Entertainment, who is beholden to shareholders and profit margins before the Grand Ole Opry’s charter of preserving the roots and traditions of country music. The Country Music Hall of Fame on the other hand is a private, not-for-profit institution.
Earlier this week it was announced that Omni Hotels would be participating in a new massive convention center project in downtown Nashville, and that this project would include an expansion of the Country Music Hall of Fame, doubling the size of the Hall.
This Reinstate Hank video was a collaboration of Sugar writing an amazing letter, Mr. Bandana doing an excellent, heartfelt job reading, and Big D’s Redneck Minute for providing the gear and behind-the-scenes help. Watching this video gave me a chill for a few reasons: The way Mr. Bandana read Sugar’s letter, it was almost like […]
I would guarantee right now that Hank Williams will be reinstated into the Grand Ole Opry in 2009, but I’ve learned over time not to underestimate the colossal stupidity under which the money men who have hijacked the Mother Church operate. What I can guarantee you is that in 2009, Reinstate Hank is going to […]
First off some house cleaning stuff: If you haven’t seen it yet, check out the Hank 3 music blog about Hank III Listening Parties happening around the country. I might have more about this in a future blog. If you read my blog from yesterday and thought you saw some of the language change, you […]