Theatre of the United Kingdom rise of satire in 1960s Britain. The Chichester Festival Theatre was Britain's first modern thrust stage theatre. It was inspired by the Festival Theatre of the Stratford Shakespeare Festival launched by Tyrone Guthrie in the Canadian city of Stratford, Ontario. The inaugural Artistic Director of the Chichester Festival was Sir Laurence Olivier, and it was at Chichester that the first National Theatre company was formed. Chichester's productions would transfer to the National Theatre's base at the Old Vic in London. The Theatres Act 1968 abolished the system of censorship of the stage that had existed in Great Britain since 1737.
The Old Vic to breaking point. Yet Prospect continued to draw audiences to the Old Vic where other companies failed. In December 1978, the governors of the Old Vic agreed to a five-year contract with Prospect, announcing to the press on 23 April that henceforth they would be styled "Prospect Productions Ltd., trading as the Old Vic Company". Unfortunately Prospect's touring commitments kept the company out of the theatre for the first half of 1979, leaving the theatre to sink further into debt. The company returned in July with Jacobi's "Hamlet" (toured afterwards to Denmark, Australia and China, the first English theatre company