Yes, sadly the Electric Factory was sold to Bowery Presents and their changing it's name due to restrictions by the previous owner according to a recent press release.

We kinda don't wanna hear it but ... we get it!

Well don't get to sad about it, the concert venue is temporarily being renamed 'North Seventh' and is holding a contest to find it's new permanent name.

Wait for it ...

Here is the best part!

If you win the contest not only will you get the coolness credit of the century for naming the the Factory formally known as Electric but you also can score TWO TICKETS to every show through 2020.

Vote here!

Credit: Getty Images for Heineken