Philadelphia's own Electric Factory has now been acquired by Bowery Presents (which in turn was acquired by live entertainment giant AEG).
The venue has now been temporarily named “North Seventh” while a new name is decided via crowd-sourcing.
See the official press release below:
The Bowery Presents, the leading concert promotion and venue management company in the Northeast, announced today the acquisition of Electric Factory in Northern Liberties, further expanding its venue presence in Philadelphia. The Bowery Presents aims to honor the history and preserve the soul of the venue by maintaining its current aesthetic and continuing to book top-tier acts, with no disruptions in existing programming.
Use of the legendary Electric Factory name has been refused by Live Nation, the owners of the venue’s trademark and logos. As such, The Bowery Presents has temporarily named the venue “North Seventh” and turns to Philadelphia’s robust music community to crowdsource a permanent new moniker. A public naming contest will accept submissions now through September 30, 2018. The winner will receive two complimentary tickets to every show at the venue through 2020. For more information and to submit an entry to the naming contest, visit NorthSeventhPhilly.com.
The Bowery Presents first entered Philadelphia through a valued partnership with R5 Productions, together opening Union Transfer in 2011 and Boot & Saddle in 2013. Following a 2016 merger with AEG Presents, The Bowery Presents expanded its reach to the Mann Center for the Performing Arts, Keswick Theatre and Underground Arts, among other area venues through a mix of ownership and booking agreements. Through this recent acquisition, the 2,700 capacity “North Seventh” joins The Bowery Presents’ family of venues in Philadelphia ranging from 150 to 14,000 capacity.
The Electric Factory first opened in 1968 and it was reopened in 1995 where it sits currently by Larry Magid and Adam Spivak. They have owned the venue for the past 24 years.
Let us know your thoughts in the comments – do you see this affecting the experience?