Read: Spaceland Moving Out -- New Venue 'The Satellite' To Take Over With ex-Spaceland Booker Jennifer Tefft

UPDATE: Spaceland Productions Senior Talent Buyer Liz Garo confirms new Spaceland Productions venue to open within a "few months" ... plus more on page two.

It lasted seventeen years, but less than an hour ago Spaceland Productions announced they'd be moving out of the iconic 1717 Silver Lake Blvd. address to a space unknown sometime early next year: "It's just time for a change," Spaceland owner Mitchell Frank told Buzzbands (and L.A. Weekly) writer Kevin Bronson today. As first reported by Bronson, a new venue named the Satellite--helmed by longtime Spaceland booker Jennifer Tefft, who left Spaceland almost a year ago--will re-open under the direction of the 1717 Silver Lake Blvd. property owner Jeff Wolfram. According to a Spaceland Productions press release, Frank and business partner Jeff Ellermeyer are looking to "open a new room for live music with a strong leaning towards dance nights and DJs." READ MORE HERE