Detroit’s Fisher Theatre to be acquired by U.K. group
After more than 50 years overseen by regional theater impresarios named Nederlander, the Fisher Theater in Detroit is slated to have new owners this month, officials said on Monday.
The London-based International Entertainment Holdings Limited, the parent company of the Ambassador Theater Group, is acquiring the venue and the programming of the Detroit Opera House and the Music Hall from the Nederlander Co.
Nederlander has directed the Fisher since 1961 and promotes Broadway and other productions at the Detroit Opera House and Music Hall.
The transaction is expected to close on March 29th. The financial terms were not disclosed.
The deal also includes the acquisition of the Golden Gate Theater and the Orpheum Theater in San Francisco.
“These unique venues have been home to the greatest shows on Broadway for generations, serving the local and regional audiences,” said Robert Nederlander Sr. “We are confident that the ATG team will continue to build the strong foundation we have with these theaters in their respective communities, and will lead them into this next decade with great success. “
ATG was founded in the UK in 1992 and owns and operates 50 famous venues in the US, UK and Germany.
“This exceptional portfolio of venues in San Francisco and Detroit, two of America’s premier theater cities, is a valuable asset and we are delighted to be able to manage it,” said Mark Cornell, CEO of ATG. “We are looking forward to it.” We aim to bring the best of the Broadway shows to their loyal followers when the theaters reopen in 2021, and we equally look forward to welcoming the staff of these prestigious theaters to the ATG community where we hope they flourish and will be happy. “
The Fisher Theater, built in 1928, was declared a National Historic Landmark. It offers space for around 2,100 people and, according to the website, is equipped with marble, rosewood and walnut paneling as well as decorative work made of crystal and bronze.
The theater has hosted the world premieres of shows such as “Hello Dolly” and “Fiddler on the Roof”, as well as welcomed tours such as “Hamilton”.
In January, officials announced that Broadway In Detroit’s 59th season would begin there this summer following the 2020 COVID-19 cancellations.
The Detroit Opera House was built in 1922, has a capacity of approximately 2,750 seats and is home to the most important opera company in Michigan.
Michigan Opera Theater plans to return to the stage this spring with personal appearances at outdoor venues in Counties Wayne and Oakland.
The music hall was built in 1928, has approx. 1,700 seats and is listed on the National Register of Historic Places.