RCA WAVES ITS BAZ HANDS

Baz Luhrmann, director of such cinematic extravaganzas as Moulin Rouge!, Romeo +Juliet, Australia, The Great Gatsby, strikes a pose with RCA honchos Tom Corson and Peter Edge in celebration of their freshly formed JV deal launching subsidiary label, Bazmark Records, with which they will sign new artists and work on acquiring the rights to additional recording projects.

After snapping this photo, Luhrmann joined the execs for an elaborately choreographed number that culminated in a giant portrait of Nipper in fireworks.

Luhrmann has already begun production on projects that will be a part of the new endeavor, including the recently announced music-centered Netflix-bound series, The Get Down, which focuses on the musical and social climate of N.Y.C. in the '70s. Groovy, man.