The CBGB Music Festival Is Happening

NEW YORK - AUGUST 01: Fans gather outside following a press conference to announce an effort to save legendary punk club CBGB's on the first day of the last month of CBGB's current lease August 1, 2005 in New York City. (Photo by Scott Gries/Getty Images) Photo: Scott Gries/Getty Images/2005 Getty Images

A new group of CBGB investors (meaning: not the buyers who were involved in legal disputes with Hilly Kristal's family for two years) are staging a music festival in New York this summer using the club's name. Three-hundred bands will play at venues across the city, reports the Times, and the four-day extravaganza will also include movie screenings and conferences, SXSW-style. And yes, they're still talking about reopening CBGB proper.