By Frank DiGiacomo
“There are probably more talented musicians per capita in the Bahamas than anywhere else,” says Goldstuck. “This was an opportunity to build a world-class facility that can serve as a catalyst for local talent development."
In 2013, the notion of building a state-of-the-art recording studio in the Bahamas -- on prime waterfront real estate, no less -- would have sounded quixotic to anyone aware of the recorded-music industry’s steadily diminishing returns over the previous nine years. But, for Charles Goldstuck, then the executive chairman of TouchTunes Interactive Network, and more recently, founder and co-chairman of Hitco Entertainment, change was in the air. “Outside of the majors, I was seeing a much broader commitment to investing in music,” he tells Billboard. “I felt that the industry pendulum was swinging back.”
So the part-time resident of Albany, a $2 billion, 600-acre development that locals like to call “the Monte Carlo of the Caribbean,” struck a deal with the resort’s principal partners -- including Tavistock Group founder and billionaire Joe Lewis, Justin Timberlake, pro golfers Tiger Woods and Ernie Els, and managing partner Christopher Anand -- to make the studio a reality. Read more >>