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Documentary about Tower Records debuts at SXSW festival

FILE - In this Feb. 9, 2004 file photo, a pedestrian walks through the parking lot of Tower Records in Los Angeles. "All Things Must Pass," a documentary by Colin Hanks about Tower Records, the retail store that dominated for decades before filing for bankruptcy in 2006, earned at standing ovation at the South by Southwest festival on Tuesday, March 17, 2015. (AP Photo/Ric Francis, File)
FILE - In this Feb. 9, 2004 file photo, a pedestrian walks through the parking lot of Tower Records in Los Angeles. "All Things Must Pass," a documentary by Colin Hanks about Tower Records, the retail store that dominated for decades before filing for bankruptcy in 2006, earned at standing ovation at the South by Southwest festival on Tuesday, March 17, 2015. (AP Photo/Ric Francis, File) FILE - In this Feb. 9, 2004 file photo, a pedestrian walks through the parking lot of Tower Records in Los Angeles. "All Things Must Pass," a documentary by Colin Hanks about Tower Records, the retail store that dominated for decades before filing for bankruptcy in 2006, earned at standing ovation at the South by Southwest festival on Tuesday, March 17, 2015. (AP Photo/Ric Francis, File)

AUSTIN, Texas (AP) – A documentary about the legacy of Tower Records, the retail store that dominated for decades before filing for bankruptcy in 2006, earned a standing ovation at the South by Southwest festival.

“All Things Must Pass” had its world premiere Tuesday at the ZACH Theatre in Austin, Texas. It explores the rise and fall of Tower Records, which launched in 1960 in a Sacramento drugstore. It eventually opened 200 stores in 30 countries.

In 1999, it made $1 billion.

Colin Hanks, the Golden Globe and Emmy-nominated actor, directed the documentary, which is his first feature. He spent seven years working on the film.

Bruce Springsteen, Elton John, Dave Grohl and record executive David Geffen also made appearances in the film.