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- The Festival of Hope was held at Roosevelt Raceway on Long Island, the first rock festival organized to raise funds for an established charitable organization; it was sponsored by the Nassau Society of Crippled Children and Adults.
- Eagles, Joni Mitchell, Neil Young and the Santa Monica Flyers performed at the Corral Club in Topanga, California.
- They performed alongside Joni Mitchell and Neil Young and the Santa Monica Flyers at the Corral Club in Topanga, California.
- Rory Gallagher performed at The Agora Theatre in Cleveland, Ohio, on August 12 and 13, 1974, in two consecutive concerts, with Status Quo.
- Yes performed at Louisville Gardens in Louisville, Kentucky.
- Henri Padovani left The Police after nine months, and the band continued as a trio.
- The departure of guitarist Henri Padovani reduced The Police to a trio.
- The Commodores achieved their first No. 1 on the U.S. singles chart with “Three Times A Lady”; the song remained at the top for two weeks.
- Lionel Richie later said that the inspiration for “Three Times a Lady” came from his father's speech at his parents' 37th wedding anniversary celebration.
- KISS performed at the Mid-South Coliseum in Memphis.
- The Allman Brothers Band performed at the Star Plaza Theatre in Merrillville, Indiana, a suburb of Chicago.
- Columbia Records released his 21st studio album, “Shot of Love,” which reached No. 6 in the UK and No. 33 in the US; its religious themes drew mixed critical reactions.
- Grateful Dead performed at the Salt Palace in Salt Lake City, Utah.
- The Museum of Modern Art in New York opened the Performance Video exhibition, which featured, among others, the music videos “Mickey” by Toni Basil and “Once in a Lifetime” by Talking Heads.
- Lionel Richie closed the Los Angeles Olympic Games with an extended nine-minute version of his hit “All Night Long.” The lyrics were specially adapted for the occasion.
- The two-day festival began at Lenin Stadium in Moscow, featuring Mötley Crüe, Ozzy Osbourne, Bon Jovi, Skid Row and The Scorpions. According to the source, it was the first Soviet stadium rock concert where spectators were allowed to stand and dance.
- “Right Here Waiting” reached No. 1 on the U.S. Billboard Hot 100, becoming Richard Marx's third consecutive U.S. No. 1 hit.
- The Rolling Stones played a surprise concert at Toad's Place in New Haven for approximately 700 people, 19 days before the official start of the Steel Wheels Tour.
- They released their fifth studio album Metallica, known as The Black Album, which reached No. 1 in eight countries and sold 16 million copies in the U.S.
- John Cage died in New York from complications following a stroke at the age of 79.
- RCA and the RIAA presented 110 gold and platinum records to the estate of Elvis Presley.
- Red Hot Chili Peppers replaced guitarist Arik Marshall with Jesse Tobias.
- Woodstock '94 began in Saugerties, New York. The festival began exactly 25 years after the original Woodstock Music and Art Fair.
- Woodstock '94 began in Saugerties, New York, with performances by Sheryl Crow, Todd Rundgren and Violent Femmes. The festival was a success, drawing a crowd of about 350,000.
- Radiohead began a series of 13 concerts at Darien Center in New York as the opening act for Alanis Morissette. During the tour, they tested new songs including “No Surprises” and “Paranoid Android,” which later appeared on the album OK Computer.
- Performed at the Darien Lake Performing Arts Center in Buffalo, New York, with Radiohead as the opening act.
- Time magazine published the article “It's a Ska World After All” about the growing popularity of ska in the U.S.; Sublime, No Doubt and 311 all had albums on the charts at the time.
- Blues guitarist Luther Allison died of cancer in Madison, Wisconsin, at the age of 57.
- Scott Weiland pleaded guilty to heroin possession and was sentenced to three months of treatment.
- The film “Detroit Rock City,” produced by KISS, received its nationwide theatrical release in the United States.
- Shania Twain and her husband and producer, Mutt Lange, welcomed their son Eja.
