on the festival saying "We're not like other companies that are based in a city. Our label is very much an idea, more so than an actual physical place. So you can create it and take it everywhere. To bring that into the festival—where you can just create a place and make it Dreamville and be able to bring people there—was always this cool goal. And that's what makes it unique. It's not based in an actual city. It's just based in our minds." For the 2020 season, the Dreamville Festival is front-of-jersey sponsor for USL Championship soccer team North Carolina FC. The second annual festival was initially slated for April 4, 2020 however, due to the COVID-19 pandemic, it was postponed and eventually cancelled. The festival will go on at Dix Park as scheduled for 2022, with the dates of April 2–3, its first year being held for two days. The lineup was announced on March 2, a month prior to its commencement, and again includes all Dreamville artists, as well as Fivio Foreign, Kehlani, Lil Baby, and Wizkid (Day 1), and Lil Wayne with Jeezy and T.I. as part of DJ Drama's "Gangsta Grillz", Moneybagg Yo, and T-Pain (Day 2). Subsidiaries Dreamville Ventures On October 12, 2020, Dreamville announced the formation of Dreamville Ventures, a multi-disciplinary media company. Damien Scott is leading the division as president with Candace Rodney as executive vice president, overseeing daily operations including verticals across music, TV and film, publishing, apparel and live events. In a press release with Variety, Cole said: "Dreamville has always been a mom-and-pop operation with grand ambitions and ideas that extend far beyond music. The hiring of Damien and Candace not only expands our family business with two of the smartest and most capable executives in the industry, but allows us to take a massive leap towards turning those big ideas into reality." Dreamville Studios On October 12, 2020, Dreamville Studios was launched, a content studio that will produce original and co-produced content, with Candace Rodney who serves as president of Dreamville Studios. Ibrahim Hamad said in a press release: "Dreamville is a brand we built from the ground up and the appointments of Damien and Candace allows us to take the company to levels we’ve always dreamed of while keeping our core values and beliefs at the forefront of our expansion." Candace Rodney previously worked as Senior Vice