Since first moving to Asheville in 2008, the five-day music festival has become the heartbeat of a massive, often atypical, artistic underground and has hosted such performers as Brian Eno and Devo.
The concert draws as many as 7,500 people a day. In 2014, Billboard Music reported that the concert made $1.2 million in revenue.
According to a recent article by Indy Week, Moogfest is planning to relocate to downtown Durham in early 2016 after almost eight years in Asheville.
Despite Asheville being the home of the festival’s founding company Moog Music Inc. and the loyal following it has developed there, the suspected move to Durham has caused a surge of excitement in the Triangle from artists and music lovers alike.
“We’re not surprised by a possible move to Durham because it seems like a really great fit,” said Sherry DeVries, executive director of the Durham Arts Council. “Durham is all about looking forward and new artistic ideas, so it makes a lot of sense for such innovative work to come here.”
Opening for business in 1953, Moog Music Inc. has helped pioneer the electronic music movement for over 50 years.
The company was created by Robert Moog, who has since become a legend in the industry for his contributions to electronic music. He is best known for his creation of the Moog Synthesizer, which has been used by such groups as The Beastie Boys.
Having worked as a songwriter earlier in her life, DeVries said she got the opportunity to interact with Moog Music electronics when it was first starting out.