The seminal CBGB club, officially out of business for over a year has been sold to Good Charlotte gurus Joel and Benji Madden who plan to re-open it as GCGB and will feature performances from Good Charlotte, Sum-41, Avril Lavigne and other new-punk bands. Said Madden of the move, "Reopening it in my image will be a way for kids to find out about the next generation of punk music, spearheaded by my favorite groups."
Also included in the deal is a licensing deal with Hot Topic inc. to have exclusive rights to the T-shirts as well as the souls of the Ramones, Talking Heads and Patti Smith.
Joel Madden has also expressed interest in buying the back catalogue of the Clash and "remixing" the master recordings to better reflect the current generation. In addition, he is in talks with Oliver Stone to create a Sex Pistols movie, staring himself as Sid Vicious and Hillary Duff as Nancy Spungen.
-RS Wire Serivces.
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