The live album, which consists of 2000 copies, was primarily recorded during the band's appearance at Primavera Sound 2013 festival in Barcelona, with closer "Nathalie Neal" taken from their show in Melbourne earlier that year. It features live versions of The Seer, new unrecorded songs, and two "crude acoustic demos of songs for the upcoming studio album". The cover art, which was drawn by artist Nicole Boitos, was uniquely "further drawn upon, personalized and signed by Michael Gira" for each copy.
Along with the live album, various other options are available with special offerings for different monetary alternatives, including an "executive producer" credit on the band's new album or "video of a simple, short, original song, acoustic guitar and voice, with customers' name in the song, praising the customer, his or her ancestors, thoughts, dreams, and future or past lives, forever", written and sung by Gira. Other offerings include VIP guest list status to the band's one of the upcoming concert shows or a printed poster.
Suart Berman of Pitchfork Media praised the album, stating: "Of the songs featured on Not Here/Not Now, only three have appeared on previous recordings. And any worries that Swans are showing too much of their hand are defused by the fact that new Swans songs rarely make it from the stage to record in the same form, and, once officially released, mutate even further in subsequent performances."