Called MuTh, the theatre seats 400 and will host regular performances by the choir.
Many believe that their involvement with the life of the theatre was more than that of passive patronage.
Under the agreement, the Birmingham firm established a charitable trust to revamp and run the theatre.
It includes the theatre, Victoria Court sheltered accommodation, some community buildings and an industrial unit.
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According to the Theatre Communications Group, nationwide revenue from subscribers plunged 18% between 2007 and 2011.
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If the lease is acquired, the theatre would be wholly owned by the council.
The 55-year-old from Bath had finished a run in The Ladykillers at the Theatre Royal.
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He noted that mobile phones were only one potential source of boorish behaviour in the theatre.
The theatre will stage professional touring drama productions, workshops, live music and film screenings.
Number two would be the Theatre Square Grill at the New Jersey Performing Arts Center.
The theatre intends to use the money to develop its educational and heritage roles.
But when she performed "Je ne regrette rien" the roof came off the theatre.
According to a biography on his blog, he "fled" TV for the theatre in 1990.
Shelley's son, Sir Percy Shelley, bought Boscombe Manor House for his mother and added the theatre.
The theatre in Taunton went into administration on Thursday with its board blaming "underfunding".
Since then, the Northcott has continued to serve the theatre-going public of east Devon.
Then on 21 May 2010 Exeter University announced it was stepping in to run the theatre.
This includes the demolition of the theatre and its replacement with a community building.
Her father took the tape home and it never went back to the theatre.
Under Saddam Hussein, there was no freedom in what you could say in the theatre.
Loans of tickets, scripts, costumes and "more unusual items" would be welcomed, the theatre said.
The theatre also receives financial support from two other local councils and the government-funded Arts Council.
Mr Batty said the theatre was "one of, if not the oldest building in Colwyn Bay".
Though he was nowhere near the theatre, Checkers, a canine present from a supporter, stole the show.
The theatre is adamant that publicity before the opening clearly pointed out it was a modern-day production.
And when a well-connected property developer took control of the site, it demolished the theatre in 2008.
No one in the theatre, save a few employees, knew he had a horse waiting out back.
Time for Booth to go inside the theatre for the first time since the Lincolns had arrived.
Unless you sleep overnight at the theatre, you can't get more central than the Arden Hotel 16.
The theatre announced last month it was to close, blaming cuts in arts funding for the decision.
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