Nashville's iconic Grand Ole Opry House stage, where country music stars have performed for decades, was under 2 feet of water after it was hit by flooding that tore through Tennessee.

That's according to Gaylord Entertainment CEO Colin Reed, who gave the first details about damage to the Opry house during a Friday conference call with investors.

For now, The Opry's shows have been moved to other venues.

The Gaylord Opryland Resort, the hotel next to the Opry house, was hit with up to 10 feet of water. Its first floor, power plant and technical hub were flooded. The resort won't be taking bookings from now through October so extensive repairs can be made.

Reed says the damage is likely to exceed the company's $50 million insurance coverage.