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. Bowery also presents shows at New York's Madison Square Garden, Barclays Center, Brooklyn Bowl, and the Capitol Theater in Port Chester, N.Y.
Additionally, Bowery has aggressively expanded its operations in recent years, moving into Albany, N.Y., Boston (where it presents shows at Great Scott, The Royale and The Sinclair), Philadelphia (Union Transfer and other venues), and at the State Theatre in Portland, Me. Bowery has also dove into the deep South, with its Bowery South division promoting shows across Atlanta, Birmingham, Ala., and New Orleans.
Bowery will be the second notable New York independent to be bought out this year. Earlier this month, news came that Live Nation had acquired a majority stake in Founders Entertainment, producers of Governors Ball on Randall's Island. New York and the Northeastern U.S. have been one of the most competitive territories between Live Nation and AEG Live, and the latter's move with Bowery is a critical play outside the festival space. Though digitally-savvy, Bowery in many ways operates as an old-school promoter, focusing less on forging tour deals or getting into bidding wars with established acts and more on building loyalty with developing bands by taking risks early in their careers at the small venue level, hopefully building a significant number of these acts to the arena level.
Governors Ball and Founders Entertainment Heads Wolowitz and Russell Talk Live Nation, New Ventures: Q&A
An AEG/Bowery deal could be announced as early as next week, sources say. Representatives from AEG Live and Bowery Presents declined to respond to comment. Bowery partners include former Live Nation New York president Jim Glancy, who moved to Bowery in 2004; and John Moore, co-founder of Bowery with Michael Swier, who Glancy and Moore bought out several years ago.