NEWPORT, R.I. (AP) — In a story July 28 about a deal to keep two renowned music festivals in Newport, The Associated Press erroneously reported when the first festival was held. The Newport Jazz Festival began in 1954, and the Newport Folk Festival began in 1959; the two did not begin in 1969. The story also incorrectly reported the number of people who attend the festivals. Each event draws 10,000 people daily, not 10,000 people overall for both festivals.

A corrected version of the story is below:

Newport jazz, folk festivals secure deal for 25 more years

Rhode Island and the Newport Festivals Foundation have reached a license agreement to keep the jazz and folk festivals in the city for 25 more years

NEWPORT, R.I. (AP) — The Newport, Rhode Island, jazz and folk festivals are ready for an encore.

Gov. Gina Raimondo (ray-MAHN'-doh) and Newport Festivals Foundation chairman George Wein (ween) said Saturday the state and the foundation have reached a license agreement to keep the Newport Jazz Festival and the Newport Folk Festival in the city for 25 more years.

The Department of Environmental Management was part of the agreement, which will include a museum with displays dedicated to the iconic music festivals. The foundation on Saturday announced a 40-year lease with the department for a building for that venture.

The festivals each draw 10,000 people a day.

Raimondo says the plan is to help sustain Rhode Island's attraction as an "unforgettable, fun-sized destination."

The jazz festival started in 1954, and the folk festival launched five years later.