According to Fortune magazine, Duff McKagan (GUNS N' ROSES, VELVET REVOLVER, LOADED) is starting his own wealth management firm for musicians. The company, called Meridian Rock, will be headed by McKagan and Andy Bottomley, a British investor. Their goal is to educate rockers about their finances instead of pandering or lying to them.
McKagan says most bankers overestimate the "window" in which music acts are guaranteed income, which he places at three to five years. The musicians themselves are equally clueless, he adds. "You think the money is going to keep coming," he says. "When you get that big contract, or your record goes platinum and you're selling out concerts, you don't see that it's going to end." Read more.
Ringo Starr celebrates his 76th birthday today (7/7) with his annual call for peace and love. As he does every year, Ringo will appear outside the Capitol Records Building in Hollywood for a birthday performance followed at noon by his yearly "Peace & Love" salute.
Reports of strife within Aerosmith are not unusual, but when rumors broke out last week that the band was looking to replace front man Steven Tyler, who's busy pursuing a solo career in country music, the band decided to speak out.
Beginning July 16th, Suffolk County will add the new area code 934. Unlike the change in 1999 that split Long Island into area code 516 for Nassau County and 631 for Suffolk, the new 934 area code will not be applied by geographic areas; it will be issued to new numbers only.