The Old Vic and Laurence Olivier as its stars, performing mainly at the New Theatre (now the Noël Coward Theatre) until the Old Vic was ready to reopen in 1950. In 1946, an offshoot of the company was established in Bristol as the Bristol Old Vic. In 1963, the Old Vic company was dissolved and the new National Theatre Company, under the artistic direction of Lord Olivier, was based at the Old Vic until its own building was opened on the South Bank near Waterloo Bridge in 1976. In July 1974 the Old Vic presented a rock concert for the first time. National
The Old Vic terminated Hall's contract – again to much negative comment in the press – and put the Old Vic up for sale. In 1998, the building was bought by a new charitable trust, the "Old Vic Theatre Trust 2000". In 2000, the production company Criterion Productions was renamed "Old Vic Productions plc", though relatively few of its productions are at the Old Vic theatre. In 2003, actor Kevin Spacey was appointed as new artistic director of the Old Vic Theatre Company. Spacey said he wanted to inject new life into the British theatre industry, and bring British and American theatrical talent