Electric Factory is sold, to be renamed through online contest

The iconic concert venue has been sold to The Bowery Presents.

Kristen Johanson
September 12, 2018 - 4:30 pm

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PHILADELPHIA (KYW Newsradio) — An iconic Philadelphia music venue is changing hands and changing names.

Electric Factory, the long-time venue under by Live Nation, has been sold to concert promoter The Bowery Presents. Because Electric Factory was a trademark owned by Live Nation, it will temporarily be named North Seventh until a renaming by the public via an online contest.

The public naming contest will run through Sept. 30. The winner will receive two tickets to every show at the venue through 2020.

The physical property itself, however, has not changed, as it is owned by a private owner.

The Electric Factory has hosted musical idols like Janis Joplin, Prince and Bruce Springsteen. It first opened its doors at 22nd and Arch streets in 1968, later moving to its current Seventh Street location near Callowhill Street in 1995.

Live Nation officials thanked fans and employees through its 50 years of musical acts.

The Bowery also owns Union Transfer, The Mann Center and the Keswick Theatre.