Tennessee considers live music fund to help venues and artists

State of play: The proposal in the legislature defines music venues, artists and concert promoters in state law for the first time.

• It also allows for the creation of a live music fund, but the revenue stream for the new fund has not been identified.
• Austin, Texas, uses a similar fund to aid its live music industry.

What he's saying: "This year our goal was simply to define ourselves in state code and create the structure of a fund that will set the stage for much needed future support of our sector," Music Venue Alliance Nashville board president Chris Cobb said in a statement to Axios.