CBGB Festival Gets Times Square Event Sponsors

Coca-Cola and Spotify, among others

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Sponsors this year for the CBGB Music and Film Festival in Times Square will be Coca-Cola, Spotify, Red Bull, MTV, Gibson Guitar, The Standard Hotel, Astral Tequila, J&R Music and Bust Magazine.

The free outdoor concert is expected to see Broadway in New York City closed to car traffic from 46th Street up to 54th Street between 11 a.m. and 7 p.m. on Oct. 12.

About 30 bands are expected to play at the event and will be announced in coming weeks.

"Times Square is the crossroads of the world," said festival organizer Tim Hayes.

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