Tower Records' Russ Solomon to Be Inducted Into Music Business Hall of Fame at Music Biz 2018 Conference

Russ Solomon
Amanda Edwards/WireImage

Russ Solomon at the Harmony Gold Theatre on Oct. 15, 2015 in Los Angeles. 

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.

"As we celebrate our 60th Anniversary, the timing was perfect to introduce the Music Business Hall of Fame, which will give us the opportunity to highlight those who have had a tremendous and lasting impact on the business, while providing an example to the next generation who will carry it forward," said Music Biz president James Donio in a statement. "I had spoken with Russ to tell him he would be the first inductee, and he was humbled and excited to have been selected and planned to be in Nashville for the ceremony. While we were shocked and saddened to learn of his sudden passing, we feel this will be such a fitting tribute to a man who revolutionized music retail with Tower Records. We can think of no one better than Russ to be the first, and for all future Hall of Fame inductees to follow."

Actor and director of the 2015 Tower Records documentary All Things Must Pass Colin Hanks will pay tribute to Solomon, inducting him into the Hall of Fame. 

Hanks will also attend a screening of All Things Must Pass at the 2018 Nashville Film Festival that will be held at 7 p.m. CT on May 17 at the Regal Hollywood 27.

"Russ was indeed one of a kind, and I’m incredibly grateful that I was not only able to help tell his story with All Things Must Pass, I also learned a great deal from him. But far more importantly I got to know Russ and am lucky to have been able to call him a friend," said Hanks in a statement. “Much like the members of the Tower Records family, I will miss Russ dearly but take comfort in seeing his legacy live on and am honored to induct him into the Music Business Hall of Fame."

The Hall of Fame ceremony will launch was part of the Music Biz 2018 Awards Luncheon on May 17 at the Omni Nashville Hotel.