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 Theatre director Sir Peter Hall arranged for the progressive folk-rock band Gryphon to première "Midnight Mushrumps", the fantasia inspired by Hall's own 1974 Old Vic production of "The Tempest" starring John Gielgud for which Gryphon had supplied the music. For two years prior to the departure of the National Theatre company, Toby Robertson, director of the Prospect Theatre Company, sustained a campaign that the Old Vic should make Prospect its resident company. For the Old Vic, Robertson's overtures proved increasingly hard to resist in the face of poor box office returns achieved by productions staged by other visiting companies; against