Report: Bowery Presents is Acquired by Concert Behemoth AEG Live

Posted on: April 21st, 2016 at 5:12 am by
This image has been archived or removed.

Everything on the Lower East Side is getting sold out. This next one cuts deep, and is a blow to what’s left of the neighborhood music scene.

Unlike many of the artists its venues promote, Bowery Presents is itself no longer an indie. The hip Lower East Side-based promotion company was just scooped up by the global concert behemoth AEG Live.

Billboard broke the news, and further noted that a deal between the two parties is imminent. It’s reportedly in the final stages of negotiations. There had been speculation of this marriage for some three years, according to the publication.

An accord is expected next week.

The development significantly impacts not only the New York concert scene but brings national implications as another successful promoter leaves the ranks of independents. Founded in 1993, Bowery has been a viable third promoter option in New York (with AEG and Live Nation), and has formed strong ties with artists, managers, and agents in moving acts up the venue ladder.

Bowery owns, operates or has exclusives with New York’s 575-capacity Bowery Ballroom, the 250-cap Mercury Lounge in New York, the 3,000-cap Terminal 5, the 250-cap Rough Trade, and Brooklyn’s 550-cap Music Hall of Williamsburg.

It’s unclear at this time whether the offices will remain at 158 Ludlow Street, above Pianos bar.

Recent Stories

Grave Marker Fund for Homeless Man Beaten to Death on the Bowery Last Year

It’s been exactly one year since the city was rocked by the fatal bludgeoning of homeless men on the Bowery while they slept. Of the five beaten by 24-year-old attacker Randy Santos, four ultimately died – Chuen Kwok, Anthony Manson, Florencio Moran, and Nazario Vasquez-Villegas. In the days that followed the murders, elected officials and nonprofits held […]

Fridays Under $40: Scared with a Sandwich

In our Friday column, “Fridays Under $40,” Boogie writer Sara Graham again hits the streets to find cheap eats and affordable things to do during these weird times. In this edition, we’re staying inside for under $40. After I returned from a trip to Delaware to see my parents for the first time in almost […]

And then There’s this Apartment with a Tub in the Kitchen

The standard pre-war tenement layout included a bathtub in the kitchen. It made sense, as this was the central location of plumbing. The phenomenon began with the advent of plumbing in city tenements between 1901 and 1905. With bathhouses no longer necessary to wash up, the kitchen became central. The tub here made sense given […]

International Center of Photography to Reopen Next Week

The International Center of Photography is reopening in one week. Sidelined for more than six months (almost immediately after its debut at Essex Crossing), the 40,000 square-foot museum and school is making its galleries and gift shop accessible to the public. On tap are four exhibitions to “address this tumultuous time, marked by the effects of […]

Secondhand Bookstore Comes to Orchard Street

And today, in news out of left field… There is a secondhand bookstore coming to the Lower East Side. Down at 47 Orchard Street, the former home of Anna Sheffield’s eponymous jewelry boutique. The new store is as yet untitled, but will feature used books, vinyl records, and assorted antique. “I have a large collection […]