Manchester, 1976. Tony Wilson is an ambitious but frustrated local TV news reporter looking for a way to make his mark. After witnessing a life-changing concert by a band known as the Sex Pistols, he persuades his station to televise one of their performances, and soon Manchester's punk groups are clamoring for him to manage them. Riding the wave of a musical revolution, Wilson and his friends create the legendary Factory Records label and The Hacienda club.

When a fisherman leaves to fight with the Greek army during World War II, his fiancée falls in love with the local Italian commander.

An examination into Factory Records. The members of New Order interview founders Tony Wilson and Martin Hannett, who speak on the philosophical and cultural purpose of their label, and their associates, who mostly appear frustrated or confused. Rob Gretton, Factory founder and manager of New Order, interviews himself. Also includes three live performances of New Order at the Haçienda.