The Trocadero, a historic Philly music venue often mentioned here, has filed for bankruptcy.

Philly.com has the story: http://www.philly.com/philly/blogs/inq-phillydeals/Trocadero-Theatre-in-bankruptcy-court.html

This doesn't necessarily mean it will close.  The Electric Factory, for instance, has been struggling for at least a couple of years, and has been able to ride it out so far.   But let's face it: the news is more than a little depressing, especially in light of the new music venues opening in Philly this year (for instance: Union Transfer, set to open in about 5 weeks with a Clap Your Hands Say Yeah show).   Will the new venues put the already struggling venues out of business?  Will the new venues be able to make it, themselves?  (I'm encouraged on this point by Union Transfer's opening month calendar, which includes St. Vincent, Gillian Welch, Mogwai, The Felice Brothers, and RJD2, with shows by Kurt Vile and The Sea and The Cake in November).

As part of the filing, by the way, Trocadero blames their revenue losses on the high price of doing business with Ticketmaster, and are seeking to end their contract with the dominating ticket giant.  I hope they succeed.