The Knitting Factory: Music’s New Death Star?

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The new Gwen.

Remember the mangy below-stairs bar on Houston Street with all of the smoke-stained sweaters stitched together and slung from the ceiling?

For a long time now it’s been a multi-stage venue on Leonard Street in Tribeca, and even had a Los Angeles arm that was partly responsible for transforming Gwen Stefani from an imitator of Selecter into an international phenom.

Now the place is rolling out little Knitting Factories all over the country. It might even start in Boise, Idaho.

“Knitting Factory Entertainment will have over $20 million in revenue with this deal,” the new C.E.O. of something called Knitting Factory Entertainment told Crain’s.

How are they doing it?

The music company acquired a majority interest in Boise, Idaho-based Bravo Entertainment, one of the nation’s top 15 concert promoters, to establish 1,000- to 2,000-seat live music venues in underserved markets.

– Tom McGeveran

The Knitting Factory: Music’s New Death Star?