Actor and documentarian Colin Hanks will pay tribute to Solomon, who died last month.
Tower Records founder Russ Solomon, who passed away last month, will be inducted into the Music Business Hall of Fame during the 60th annual Music Business Association (Music Biz) conference on May 17 in Nashville.
With this year marking the inaugural Hall of Fame ceremony, Solomon will be the first inductee. The Music Business Hall of Fame aims to celebrate the achievements of industry executives, companies, media, venues, institutions and others who have made significant contributions to the music business.
Solomon died on March 4 at the age of 92. He began his career as a 16-year-old in Sacramento selling records at his father's drug store. Over the years, he revolutionized music retailing with his chain of music superstores until digital music took over the business and he was forced into in bankruptcy 2006 that turned into a Chapter 7 liquidation.