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Larry Magid And Adam Spivak Sell The Electric Factory To Bowery Presents

PHILADELPHIA (CelebrityAccess) — AEG’s Bowery Presents announced on Wednesday that it has acquired the legendary Philadelphia club The Electric Factory.

“What a ride it’s been,” sad Electric Factory co-owner Larry Magid. “We would like to thank the hundreds of thousands of fans who have attended the over 2500 shows at Electric Factory from its original location at 22nd and Arch from 1968-1970 to its rebirth in 1995 at 7th and Willow. A special thanks to all the employees, old and new, that have worked at the Factory over the years and to the great acts who have graced our stage, it’s been our privilege to work with you.”