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6July 30, 1986
<br /> million and is considering moving the Aerosmith/Ted Nugent, Loverboy and the
<br /> team to Washington, D.C. (rumor has it) . Grateful Dead were the 5 top grossing
<br /> tour bands in the first half of year.
<br /> The Astrodome is host right now to the ZZ Top earning $14.5 million at box
<br /> U.S_ Olympic Festival (aka Natl Sports office thru June; Alabama $11.2 million. 1111/
<br /> Festival) which ends Aug. 3. The games
<br /> come on the heels of Ted Turner's bash
<br /> in Moscow that was estimated to have MTV viewers remain at a steady level on
<br /> cost his tv enterprises about $20 mil- average (363,000 this year compared to
<br /> lion in losses. The Olympic Festival, 368,000 two years ago) , but competition
<br /> if successful, could give a needed is growing and ratings are sliding dawn,
<br /> boost to fundraising efforts of the U. according to A.C. Nielsen Co. Profits/
<br /> S. Olympic Committee, which needs $30 revenues from advertisers continue to
<br /> million for training expenses, and a climb, however, despite a soft market
<br /> total of $125 million for the 1988 Oly- in TV ads. Viacom, which paid $500 mil-
<br /> mpic Games (up 40% over 1984) . Though lion for MTV and VH-1 and Nickelodeon,
<br /> most people see the USOC as dripping is heavily in debt after fighting a
<br /> with money, most profits from the '84 takeover bid and will have a $28 million
<br /> event are tied up in a "long term" foun- loss for the second quarter. MTV cele-
<br /> dation process. brates its 5th birthday in August.
<br /> * * * * * * * *
<br /> Meanwhile, the Texas Rangers American
<br /> League team has been sold to Gaylord The Las Vegas Hilton has announced it's
<br /> Broadcasting for $40 million by oilman returning to the big names in show busi-
<br /> H.E. Chiles. Ironically again, just ness, by signing 21 major headliners to
<br /> as the hapless Astros are on a win perform over the next 6 months, includ-
<br /> streak, so are the Rangers--giving ing Mac Davis, Gladys Knight & the Pips,
<br /> front-runner California a battle. Gay- Gregory Hines, Vic Damone, nostalgia of
<br /> lord owned 30% of the team last year, the 1960s and ' 70s with the Monkees/
<br /> and the media giant has high hopes for Gary Puckett/Grass Roots/Herman's Her-
<br /> its outlets in Dallas, Houston, Seattle, wits, and the Judds A new musi-
<br /> Tampa, New Orleans and Milwaukee. cal, "Into the Light,' is heading for
<br /> * * * * * * * * Broadway Oct. 17 after Joseph Nederlan-
<br /> der raised backing ($3 million in one
<br /> MUSIC, RECORDS & TAPES ihour f at one backers' audition in Cal-
<br /> * * * *
<br /> Clubs that had been a training ground
<br /> for new musical talent have been "devas- PUBLISHING
<br /> tated" by raised drinking ages in 50%
<br /> of the states, a panelist at the "New
<br /> Music Seminar" July 12-16 noted CVarie- The President's Commission that attacked
<br /> 1 . Other factors that affect groups pornography and aided pulling of some
<br /> and single artists are album-oriented publications from national chains has
<br /> radio (AOR) stations, the need for ris- received other support from tv evangel-
<br /> ing stars to tour--but they can't tour ists (the Rev. Jimmy Swaggart for one) ,
<br /> successfully without hit records. Then, who targeted 32 magazines, and earlier
<br /> if a group 'hits,' they go straight from had targeted several record albums. The
<br /> a cma11 club to Madison Square Garden Wal-Mart chain this month denied acting
<br /> with little chance to develop. Censor- in response to pressure from Swaggart.
<br /> ship also is having an impact on talent. The chain is owned by Sam Walton, termed
<br /> * * * * * * * * the richest man in America by Forbes
<br /> As if proving a point, two clubs that magazine. I
<br /> were supposed to present talent during Whoever, and whatever, is applying pres-
<br /> the New Music Seminar -- Danceteria and
<br /> The World -- both shuttered shortly be- sure, Playboy's circulation dropped 12%
<br /> fore the seminar at NY's Marriott Marg- in the first 5 months of 86, says Adv
<br /> uis British rock group Queen A-2e-, and Penthouse dropped its ad rate
<br /> found a new audience last year at Live a 11.8% to 3 million. Playboy's ad
<br /> Aid; this month they sold out 72,000 rate base now i3 down 17% to 3.4 million
<br /> Play-
<br /> seat Wembley in London before moving on
<br /> and rates per licpage also dropped.iJuly 27 to Budapest for another 72,000 boy's product campaignng division has a
<br /> SRO. Another 250 ,000 ticket orders $1 million ad campaign in natl magazines
<br /> were put on hold Prince next month and in Sept.
<br /> plays the Garden Aug. 2-3 in benefit * * * * * * * *
<br /> concerts to fight 'crack" drug USA Today was named the fastest-growing
<br /> According to Polls tar, ZZ Top, Alabama, newspaper in the country this week by
<br />
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